Textile Market in India to exceed USD 221 bn by 2021

April, 2018 | Source: Profshare Market Research

Textile Market size could exceed USD 220 billion by 2021, according to a new research report by Profshare Market Research
 

India is giant producer of wide range of fiber/yarn from natural fibers like cotton, jute, silk, wool and synthetic/man-made fibers like polyester, viscose, nylon and acrylic etc.The Indian Textile Industry today has approximately 1200 medium to large scale textile mills in India. About 20% of these mills are located in Coimbatore (Tamilnadu).


India accounts 63 per cent of the market share of textiles and garments. Cotton yarn accounts 70 percent of India's textile exports and with 34 million cotton textile spindles for manufacturing of cotton yarn. With 40 million cotton spindles China holds top position in category. 


India is the 2nd biggest producer of silk and cotton. Tirupur produces 60 percent of the country's total knitwear exports.Industry accounts 24 per cent of the world’s spindle capacity and 8 per cent of global rotor capacity.Knitted garments account for almost 32 percent of all exported garments. The major players include Nahar Spinning, Arun Processors and Jersey India.With 63 per cent of the world’s market share India tops in loom capacity (including handlooms). India accounts for about 14 per cent of the world’s production of textile fibers and yarns (largest producer of jute, second largest producer of silk and cotton; and third largest in cellulosic fiber)

Foreign Direct Investment (FDI) in Textile industry is to provide the Competitive edge to sector, facilitating indigenous manufacture of Textile machinery and allow imports where indigenous capacities are not available. Government of India has approved 100% FDI in the textile and apparel industry to facilitate and motivate foreign investment under scheme called “Make in India”. Increase in FDI will attract more foreign brands to set their bases in India which will result into more options for consumer in country. Indian Textile industry has experienced high growth in FY15 where FDI increased to USD1587.83 million in FY15 from USD 1424.92 million in FY14 with FDI in industry grew at a CAGR of 14.21 per cent.  

Following are the benefits of FDI in Textile Sector

  • Increase in employment
  • Infrastructure investment
  • Removing middlemen
  • Benefiting Indian manufacturers
  • Technological advancement
  • Job Creation

Connect With Us

Market Research Industries

Why Profshare?

  High Data Accuracy

Precise research methodology, numerous analysis models & up to date data resources to achive most accurate market values.

 Customization as Needed

We can tailored the report as per your requirments & budget, Most of our clients prefer custom reports.

  Budget Friendly Solution

We have quality market data for all types of budget & so now get best out of your market research budget.

  Quality Support

Be assured of receving satisfactory analyst support to understand research report in-detail.