Analyzing the Determinants of Yarn Economics in the Cotton Industry: A Comprehensive Case Analysis

Authors

DOI:

https://doi.org/10.53983/ijmds.v13n8.003

Keywords:

Yarn Economic, Global Meltdown, Export Promotion, Cotton Industry, Capital-Intensive Yarn

Abstract

The cotton industry is a cornerstone of the global economy, influencing agricultural practices, trade, and industrial development. This study explores the key determinants shaping the cotton sector, focusing on procurement, price stabilization, export promotion, research and development, and skill enhancement initiatives. The Cotton Corporation of India (CCI) plays a crucial role in this ecosystem by ensuring fair compensation for farmers through minimum support prices, facilitating consistent cotton supply for the textile industry, and promoting exports to enhance market reach. Furthermore, the CCI's investments in research and development aim to improve cotton quality and resilience, addressing the industry's evolving challenges. Amidst these advancements, the cotton industry faces pressures such as price volatility, shifting consumer preferences, and an increasing emphasis on sustainable practices. This paper underscores the need for adaptive strategies and collaborative efforts among stakeholders, including farmers, manufacturers, and policymakers, to enhance the industry's competitiveness and sustainability. Future research should delve into the impacts of global market dynamics and technological innovations to better understand the cotton sector's opportunities and challenges.

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Author Biographies

Sanjay Kumar Gautam, Research Scholar, Faculty of Management, Sir Padampat Singhania University, Udaipur

Sanjay Kumar Gautam is an accomplished scholar currently pursuing his PhD from Sir Padampat Singhania University. With extensive experience in the textile industry, he brings a wealth of practical knowledge and expertise to his academic pursuits. Sanjay has actively participated in numerous conferences and workshops, showcasing his commitment to continuous learning and professional development. His areas of interest include marketing, sustainability, and consumer behavior, where he seeks to drive innovative strategies and insights. As an expert in his field, Sanjay is dedicated to advancing the understanding of contemporary marketing practices and contributing to the evolution of sustainable business models.

Dr. Disha Mathur, Associate Professor, Faculty of Management, Sir Padampat Singhania University, Udaipur

Dr Disha Mathur has a rich academic and research experience of over 20 years. Presently she is working as Associate Professor at School of Management, Sir Padampat Singhania University. Along with academics she engages in administrative responsibilities like being the Director, IQAC and President of the Institution’s Innovation Council of Sir Padampat Singhania University. Her academic qualifications include UGC-NET (Management) in December 2003, Ph D in Marketing from Mohanlal Sukhadia University, Masters in Business Administration (Marketing) From MLS University and Bachelors in Business Management from MLS University. Her Research interests include Consumer Behaviour, Integrated Marketing Communication, etc. Her work has been published in various national and international journals of repute. She has over 36 publications in Scopus, ABDC, Web of Sciences & UGC Care Indexed journals and has several presentations in both national and international seminars and conferences. She has co-authored a book on Human Resource Management. She is a certified instructor for the GMCS program convened for Chartered Accountants. As an active member of the Indian Society for Training and Development she is regularly engaged in conducting Executive Training Sessions, Personality Development Programs and Management Development Programs. 4 scholars have been awarded Post Doctoral Degree under her supervision and 6 are pursuing currently.

Dr. Manish Dadhich, Associate Professor, Faculty of Management, Sir Padampat Singhania University, Udaipur

Dr. Manish Dadhich is PhD from the Department of Commerce, EAFM, University of Rajasthan, Jaipur, M.Com, UGC-NET (Commerce); MBA, UGC-NET (Management), RPSC-SET (Management). He has 14+ years of teaching experience in various colleges, universities, and corporate sectors, a rare blend of academia, industry, corporate consultancy, and research. He is presently working as an Associate Professor at School of Management, Sir Padampat Singhania University, Udaipur. He has published 80+ research papers in reputed international & national journals indexed in Scopus/SCI/IEEE/ABDC/WoS. He also presented more than 60 research papers at national and international conferences. He is a reviewer, advisor, and editorial board member of various reputed International Journals and Conferences of IEEE, Springer, and Elsevier. He is in charge of PhD and research, Program Officer of NSS, a member of the Directorate of Research, and treasurer of SPSU Alumni Society and admission team. Presently, six scholars are pursuing PhD. He was awarded two gold medals in the National Conference for the best research paper. He has published one textbook and three edited books. He is a regular invitee for FDP, research workshops, orientation, and refresher course lectures. He was also awarded one Australian patent and published two Indian patents. Further, his major research focuses on Finance, Banking, FinTech, Econometrics, and Statistics.

Dr. Chandani Joshi, Assistant Professor, Faculty of Computing and Informatics, Sir Padampat Singhania University, Udaipur

Dr. Chandani Joshi working as an Assistant Professor in Faculty of Computing and Informatics at Sir Padampat Singhania University of JK Cement, Udaipur, With a rich and diverse background spanning over 13+ years in the Academics sector, particularly in esteemed institutions like Banasthali Vidyapeeth, Jaipur. Dr. Joshi brings a wealth of knowledge and experience to her role. Dr. Joshi educational journey is a testament to her commitment to excellence in the technical field. Holding a PhD degree in Computer Science & Engineering, Master’s degree (M.Tech) in IT and Bachelor’s degree (BE) in Computer Science & Engineering, She completed Advanced Diploma in Medical Image Processing in 2016 from Banasthali Vidyapeeth, Jaipur. Her interest area lies in the filed image processing and Artificial Intelligence. She has published 25 peer-reviewed research publications in reputed international conference and journals (Scopus/UGC CARE/ Web of Science), 2 patents (UK Patent grant), 2 book chapters in medical imaging in IGI Global, USA. One of Dr. Joshi’s key strengths lies in curriculum design, where she has demonstrated her innovative prowess by crafting engaging and impactful educational programs. Her efforts have resulted in positive outcomes for students, nurturing their learning experiences and fostering a passion for their chosen fields of study. She worked as core committee member in Erasmus+, programs funded by European Union project RAINBOW, Coordinator for IEEE student branch, Program Coordinator for B. Tech in AIML & FSD offered by Xebia Academy in collaboration with SPSU. She played an instrumental role in establishing Aryaman Hari Dalmia, Centre of Artificial Intelligence at Banasthali Vidyapeeth, Jaipur; she also worked as a coordinator for B. Tech Course Restructuring and active member of QS ranking accreditation at Banasthali Vidyapeeth. She received a travel grant to Paris (France), Singapore, and Malaysia for her research work.

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Published

31-08-2024

How to Cite

Gautam, S. K., D. Mathur, M. Dadhich, and C. Joshi. “Analyzing the Determinants of Yarn Economics in the Cotton Industry: A Comprehensive Case Analysis”. International Journal of Management and Development Studies, vol. 13, no. 8, Aug. 2024, pp. 30-42, doi:10.53983/ijmds.v13n8.003.

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