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The textile industry in India, traditionally after agriculture, is the only industry in the country that has generated large-scale employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India.
The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms. India holds 4% share of the global trade in textiles and apparel.
This paper deals with structure, growth and size of the Indian textile industry, role of textile industry in economy, key advantages of the industry, textile industry export and global...
In recent years, the textile market in India has seen remarkable growth and a surge in creative innovation. As per reports, the Indian textile industry reached a noteworthy achievement by setting a record for its July 2023 exports, totaling an impressive 127.6 million kilogrammes of spun yarn.
Apr 26, 2024 · The Indian textile industry dates to ancient times, about five thousand years ago. The industry has changed tremendously, having transitioned from the handloom of pre-colonial India to the...
* The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030, with exports expected to reach US$ 100 billion. * India’s textile and apparel exports (including handicrafts) stood at US$ 28.72 billion in FY24 (April-January 2024)
Jun 7, 2023 · Annual Report 2022-2023 |en | Ministry of Textiles, Government of India, was established for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India.
India is the 3rd largest exporter of Textiles & Apparel in the world. India’s textiles and clothing industry is one of the mainstays of the national economy. The share of textile and apparel (T&A) including handicrafts in Indias ’ total merchandise exports stood at a significant 10.5% in 2021-22. India has a share of
Indian Textile & Apparel Industry 2023. Contents. Global Sector Overview. Indian Sector Overview. Indian Industry Structure and Supply Scenario. Leading Indian Companies. 03. 10. 17. 30. DISCLAIMER.
