Silk Industry in India and China - A Comparative Business Environment Analysis
Silk Industry in India and China
-A Comparative Business Environment Analysis
2/18/2009
Goa Institute of Management
Submitted by-
Kanishka Belani-2008017
Mariam Noronha – 2008021
Neha Gupta – 2008026
Parikshit Bhinde -2008028
Soutik Sarkar - 2008052
Silk Industry in India and China
-A Comparative Business Environment Analysis
Group Members (5A):
Kanishka Belani-2008017
Mariam Noronha – 2008021
Neha Gupta – 2008026
Parikshit Bhinde -2008028
Soutik Sarkar – 2008052
Submitted on 18th February 2009
Goa institute of management ribandar – 403006
Goa
contact person:
Parikshit bhinde
Room 90,
Admin Block,
Goa Institute of management,
Ribandar-403006
Goa
Email: parikshit.bhinde08@gim.ac.in
Phone: 9011607930
Abstract1
The objective of the paper is to provide a comparative analysis of the Business Environment factors to be taken in to account while starting up a small sized Silk Industry in India (Kancheepuram, Tamil Nadu) as against starting one in China (Guangzhou, Guangdong). There are some factors such as permissible Foreign Direct Investment and Export Policy that are same for all regions in the countries and others such as Labour Laws that are specific to the regions chosen within the countries. The bases of comparison2 are:
a.Cost of labour and related factors.
b.Current technology and related factors.
c.Government support and Policies.
d.Credit Policy.
e.Export policy (Duties, Taxes, and Rebates etc.)
f.Foreign Direct Investment (FDI)
As per SWOT analysis, we conclude that India is the preferred choice for setting up the facility.
Contents
Introduction 7
Country Profiles 7
1.1 China 8
1.2 India 8
Technology and Related Factors: 8
1.3 India 8
1.3.1 Role of the Central Government: 8
1.4 China 9
Labour Wages and Related Factors 10 Getting Credit (World Bank, 2009) 10
1.4.1 India 10
1.4.2 China 11
1.5 Investors Security 11
1.5.1 External Factors 11
1.6 Anti-dumping 12
Foreign Direct investment 12
-A Comparative Business Environment Analysis
2/18/2009
Goa Institute of Management
Submitted by-
Kanishka Belani-2008017
Mariam Noronha – 2008021
Neha Gupta – 2008026
Parikshit Bhinde -2008028
Soutik Sarkar - 2008052
Silk Industry in India and China
-A Comparative Business Environment Analysis
Group Members (5A):
Kanishka Belani-2008017
Mariam Noronha – 2008021
Neha Gupta – 2008026
Parikshit Bhinde -2008028
Soutik Sarkar – 2008052
Submitted on 18th February 2009
Goa institute of management ribandar – 403006
Goa
contact person:
Parikshit bhinde
Room 90,
Admin Block,
Goa Institute of management,
Ribandar-403006
Goa
Email: parikshit.bhinde08@gim.ac.in
Phone: 9011607930
Abstract1
The objective of the paper is to provide a comparative analysis of the Business Environment factors to be taken in to account while starting up a small sized Silk Industry in India (Kancheepuram, Tamil Nadu) as against starting one in China (Guangzhou, Guangdong). There are some factors such as permissible Foreign Direct Investment and Export Policy that are same for all regions in the countries and others such as Labour Laws that are specific to the regions chosen within the countries. The bases of comparison2 are:
a.Cost of labour and related factors.
b.Current technology and related factors.
c.Government support and Policies.
d.Credit Policy.
e.Export policy (Duties, Taxes, and Rebates etc.)
f.Foreign Direct Investment (FDI)
As per SWOT analysis, we conclude that India is the preferred choice for setting up the facility.
Contents
Introduction 7
Country Profiles 7
1.1 China 8
1.2 India 8
Technology and Related Factors: 8
1.3 India 8
1.3.1 Role of the Central Government: 8
1.4 China 9
Labour Wages and Related Factors 10 Getting Credit (World Bank, 2009) 10
1.4.1 India 10
1.4.2 China 11
1.5 Investors Security 11
1.5.1 External Factors 11
1.6 Anti-dumping 12
Foreign Direct investment 12
Cited: Adsale industry portal. (2009, 02 09). New Policies taking shape to support chinese textile industry. Retrieved 02 16, 2009, from China Textile and Apparel: http://textile.2456.com/eng/feature/details.asp?fsiid=4&fsid=3039&e=1 CCCT CCPIT TEX. (2006, 11 20). The Eleventh Five Year Plan for the Chinese Textiles Industry. Retrieved February 15, 2009, from CCPIT TEX: http://www.ccpittex.com/eng/texInfo/7624.html Central Silk Board Central Silk Board. (n.d). CSB Services. Retrieved February 15, 2009, from Central Silk Board: http://www.indiansilk.kar.nic.in/csb_services.html Central Silk Board Central Silk Board. (n.d.). Silk. Retrieved 02 16, 2009, from Central Silk Board: http://www.indiansilk.kar.nic.in/body_silk.html Chen and Co China. (n.d.). Retrieved February 15, 2009, from 2009 Index of Economic Freedom: http://www.heritage.org/index/Country/China China Internet Information Center China labour laws not right for India. (n.d.). Retrieved February 15, 2009, from TOI: http://timesofindia.indiatimes.com/articleshow/754805.cms Craig Doidge, G Emerging Textiles. (2008, 05 23). Apparel Manufacturing Labor Costs in 2008 . Retrieved 02 16, 2009, from Emerging Textiles: http://www.emergingtextiles.com/?q=art&s=080523-apparel-labor-cost&r=free Ernst & Young, China Franklin Towers Enterprise. (n.d.). Executive Summary. Retrieved February 11, 2009, from Franklin Towers Enterprise site: http://www.franklintowersenterprises.com/Qiluo-ExecutiveSummaryv12.pdf Guangdong to boost infrastructure Henley, J. S. (2004, October). Chasing the dragon: accounting for the under-performance of India by comparison with China in attracting Foreign Direct Investment. Journal of International Development , 1039-1052. Heritage Foundation & Wall Street Journal. (2009). Heritage Foundation & Wall Street Journal. Retrieved 02 16, 2009, from Heritage Foundation & Wall Street Journal: http://www.heritage.org/index/Country/China India Mart IndiaMart. (n.d). Exim Policy. Retrieved Feb 10, 2009, from India Finance & Investment Guide: http://finance.indiamart.com/exports_imports/exports_from_india/ Indian Silk Export Promotion Council Jianmo, H. (2002, 11 08). Seminar. Retrieved January 29, 2009, from Thai Textile Institute Site: http://www.thaitextile.org/data/seminar/021108silk/ Man, T Ministry of Commerce and Industry. (2008). Foreign Trade Policy. New Delhi: Directorate General of Foreign Trade. Ministry of Textiles. (n.d.). Policies / Schemes. Retrieved February 10, 2009, from Ministry of Textiles site: http://texmin.nic.in/policy_scheme.htm National Development and Reform Commission, Ministry of Commerce Policy Note 2006-2007, Handlooms and Textiles, Tamil Nadu. (n.d.). Retrieved Feb 15, 2009, from Government of Tamil Nadu Website: http://www.tn.gov.in/policynotes/archives/policy2006-07/hhtk.htm POWERLOOM DEVELOPMENT & EXPORT PROMOTION COUNCIL RBI. (2009, 02 16). Reserve Bank of India. Retrieved 02 16, 2009, from Reserve Bank of India: www.rbi.org Silk Department What India must do to modernise. (n.d.). Retrieved February 15, 2009, from VOX: http://www.voxeu.org/index.php?q=node/868 Wikipedia Wikipedia. (n.d.). Silk Industry in China. Retrieved Feb 10, 2009, from Wikipedia site: http://en.wikipedia.org/wiki/Silk_industry_in_China Wikipedia.org World Bank. (2009). Doing Business in India. Washington: World Bank. World Bank. (2009). Doing Bussiness in China. Washington: World Bank. Zhiming, X. (2008, 12 22). China Daily. Retrieved 02 16, 2009, from China cuts benchmark interest rate by 27 basis points: http://www.chinadaily.com.cn/bizchina/2008-12/22/content_7328966.htm