OVERVIEW OF THE SECTOR TEXTILE

Statistics, news & updates: everything you need to know about the Textile Industry in India

Textile Industry India
  • Summary
  • Industry Clusters
  • M+V Expertise
  • Growth Drivers
  • Key Players
  • Market Stats

Summary

India has a long history in the textile industry and has a strong impact on the economy of the country. The country is known for its indigenous production and has a widespread textile portfolio. The portfolio ranges from products that are hand-woven to those manufactured by modern machines. The industry is the second largest direct employment provider in India for nearly 51 million people. The Indian Government launched export promotion policies to make Indian Textiles even more attractive internationally. Many companies have seen the potential of India as a destination for manufacturing or import for Textiles. The industry is set to grow more as the per capita incomes are rising, many and changing lifestyles demand quality products. The future for the Indian Textile industry is promising for foreign companies wanting to enter India, as domestic demand doesn’t seem to slow down any time soon, and the Government is rising focus and favourable policies to further support the sector.

Please see our latest Textile Industry Newsletter here!

Map- Industry Clusters

Map- Industry Clusters - Textile

M+V Expertise

  • M+V manages an Throughput of USD 4 Million
  • More than 150 SKU`s of the Fabric Industry are managed by M+V
  • M+V has 110 Trade Partners across India

Growth Drivers

  • Largest cotton producer of the world
  • 2nd largest fibre producer of the world
  • Biggest loom capacity of the world available in India
  • India has the 2nd largest Textile manufacturing capacity worldwide
  • Increased penetration of organized retail and a rising income drive the industry
  • 2nd largest exporter of textiles and clothing

Key Players in India

International

  • Zara, Mango, Benetton, Levi’s, Esprit, Forever 21, Vero Moda, H&M, Promod, Zambiati, Marks&Spencer, Monti

National

  • Orient Craft, Victoria Mills, Loyal Group, Ruby Mills, Digjam, Richa Fabric, Vardhman, Mandhana, Sutlej Textiles, Premier Textile Mills, Bombay Rayon, Arvind Mills, ITC Wills Lifestyle, DCM

Market Stats

  • Contribution of 4% to India’s GDP in 2016
  • Domestic textile and apparel industries projected to reach $123 billion by 2021
  • Accounts for 13% of the world’s production of textile, fibre and yarn
  • Textile and apparel exports projected to increase up to $82 billion by 2021

 

updated in May 2017