There are certain cost you need to keep in mind to estimate the investment needed in Indian textile industry :
1. Cost of Location – For textile manufacturing, you would need a place for the factory for production and inventory to store fabrics. In case of retail business, you would require an investment to buy or rent a shop for selling fabrics.
2. Cost of Manufacturing – In case you’re planning to start as a textile manufacturer, the manufacturing cost includes the cost or rent of purchasing the equipment, cost of setting up the equipment and the additional operational cost which includes cost of maintenance, rent, etc.
3. Cost of Labour – This cost includes the salary of labourers and other employees that would be responsible for the operation of production in case of manufacturing and for selling in case of retail.
4. Cost of Transportation – The transportation cost would include the cost required for transferring fabrics or textiles from the manufacturer to your shop. You can reduce this cost in case you’re planning to get into manufacturing by setting up the factory in the vicinity of your potential buyers.
5. Cost of Marketing/Advertising – This cost includes the cost incurred in the marketing campaigns for your textile business. The cost is obviously more in the case of retail compared to that for manufacturing business.
Very useful tips
Thanks for the information I really hope to start my own textile industry in my country.