During 2020-21, share of textile, apparel and handicrafts in India’s total exports was 11.4% while India’s share of the global trade in textiles and apparel stood at 4%. India is the sixth largest exporter of textiles and apparel products in the world with a massive raw material and manufacturing base. Andhra Pradesh, Telangana, Haryana, Jharkhand and Gujarat are the top textile and clothing manufacturing states in India. It is also the second largest employer after agriculture, providing direct employment to 45 million people and 100 million people in the allied sector. The industry is one of the biggest contributors to the economy with a 5% contribution to the gross domestic product (GDP).
India’s textile and apparel market size is expected to grow at a CAGR of 10% from 2019-20 to reach US$ 190 billion by 2025-26. The Indian textile and apparel industry is highly diversified with a wide range of segments ranging from products of traditional handloom, handicrafts, wool, and silk products to the organized textile industry in India. India is one of the largest consumers and producers of cotton with the highest acreage of 12.35 million hectares which is 37% of the global area under cotton cultivation.
India’s cotton, silk, and denim are highly popular in other countries, and Indian apparel too has found success across fashion centers around the world. Indian textiles and apparel products have a history of fine craftsmanship across the entire value chain from fiber, yarn, fabric to apparel with high global appeal. Investors wealth tumbles over ₹5.India is among the top garment manufacturing countries in the world.
TEXTILE EXPORTER FULL
Power Ministry asks all imported coal-based thermal plants to run on full capacityĬriticism of Pawan Hans sale based on distorted facts: Finance Ministry HDFC raises home loan interest rate by 30 basis points Jan Suraksha schemes bring insurance, pension within reach of common man: FM Nirmala Sitharaman said to be urging RBI for lower bond yields has opened up avenues for private sector investment without bar: Sitharaman New debt ceiling norms cloud States’ borrowing plansĬotton textile exports in 2021-22 touch $15.29 billion 1 hr Dalmia Cement to create 700 jobs in Belagavi with ₹300 crore investment.1 hr Power crisis | Indian Railways missed Coal India train provision targets for over a year.40 mins BJP MLA, Congress MLA and JD(S) MLA among loan defaulters: Karnataka Minister.
Prices of cotton may remain high and Indian exporters should rebuild their business model, factoring in high raw material prices, to remain competitive, industry sources said. These are adding to the worries of the trade," he added. "We need to wait and watch the sustainability of this growth as there are supply chain constraints, high raw material prices, etc. There had been an increase in volume of exports too, especially for yarn and fabrics. It indicated that Indian exporters were finding new markets. Exports to countries such as Bangladesh, U.S., Portugal and Sri Lanka had seen a significant jump.Įxecutive Director of Texprocil Siddhartha Rajagopal said yarn exports to China had increased and cotton textile exports to countries such as Egypt and Portugal had also increased. Manoj Kumar Patodia, chairman of Cotton Textiles Export Promotion Council (Texprocil), said the government target was $13.6 billion and 2020-2021 exports were $9.8 billion.Īll cotton textile and clothing products – yarn, fabrics, and madeups – had seen growth, according to data with Texprocil. Cotton textile exports, including raw cotton, in 2021-22 were $15.29 billion, according to provisional data available.
0 kommentar(er)
