How to startup a Textile Unit.

Few decades ago we had a family member in the Textiles  business as manufacturers and traders.
Our times are fond of innovation. Many textile and apparel companies mention innovation in the text of their Vision and/ or Mission statements.
Today majority of Devanga's families are no longer associated with Textiles but I presume some one among you are eager but lack information how to commence a weaving factory Or a boutique comprising handloom fabrics.
Over recent years, a vibrant and growing startup scene in the textiles and fashion industry has sprung across the globe.
This environment will bring together new breed of brave young textile innovators and startup entrepreneurs who bravely challenge the incumbents in this long-established industry, and open entirely new markets for textile-based products and services.
For them this is my blog to help our prospective entrepreneurs. ndia is among the largest exporter of textiles and apparel in the world making it the most lucrative business to invest into. It is the largest exporter of cotton and jute in the world along with silk and handwoven fabrics being the second highest. 
The industry contributes 12 percent to the total exports of the country. It has strengths across the entire value chain from fiber, yarn, fabric to apparel. 
The industry has a great potential for both manufacturers and retailers thinking to get into the textile business..
Depending on the investment and interest of business required in manufacturing and selling textiles, choose whether you want to be a manufacturer or a retailer that will buy from the manufacturer and sell to the customer.
India's textile startups have embraced the opportunities from the coronavirus pandemic like few other sectors have, helping evolve the traditions of the humble Gandhian spinning wheel to a new era of robotic automation, nanotech and sustainable innovation.
A stitch in time:
1.Research the existing market & analyze the right demand to supply.
2.Get a place to sell.
3.Gather capital and funds.
4.Decide over a name for your textile business and apply for mandatory licenses:
GSTIN and PAN number
Trade License
Shop Establishment License
Trademark Registration
Pollution & Factory License, for manufacturers.
5.Contact the suppliers.
6.Prepare a business plan with a good profit margin.
7.Advertise and market your business
There are certain cost you need to keep in mind to estimate the investment needed in Indian textile industry:
1.Cost of Location.
2.Cost of Manufacturing.
3 Cost of Labour.
4.Cost of Transportation.
5.Cost of Marketing/Advertising.
So, decide whether you want to invest in retail or manufacturing depending upon the amount of investment you wish to invest. The manufacturing takes more investment than retail as it includes different operational costs that include cost of manufacturing, cost of labor, etc. Research the market of textiles and fabrics for customer demand, customer paying ability, and market size of different textiles. 
Depending on the research, analyze which textile or fabric would be the best profitable investment to put your money into. Register your business and acquire related mandatory licenses. Contact a number of suppliers and choose the supplier that gives you at minimum cost for your initial stock. Calculate the total cost of investment and accordingly, prepare a business plan that gives you maximum profit. Take use of fabric visualization technology, to visualize your fabric onto a model. Therefore, selling your fabrics faster increases your sales significantly.

"Ideas are commodity. Execution of them is not.”

~Devanga's Vidhana
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