India’s Textile and Apparel Sector contribute around 10% to the manufacturing production, 2% to the GDP and 15% to the total exports earnings of the country. Being one of the oldest industries in the country, India’s Textile Industry is one of the largest employers and a major industry for the economic growth [...]
Under the guidance of the Prime Minister, the ministry of textiles has taken several measures for the development in the Textile Sector during the last three years – core objectives being technology up-gradation, infrastructure development, skill enhancement as well as welfare of workers, weavers and artisans. Being one of the [...]
The Indian Textile Industry is the second largest producer of textiles and garments in the world. The Government and the industry are now focused on increasing exports to regain lost share to countries like Bangladesh and Vietnam. The Union Budget 2017-18 released on 1st February 2017 is certainly a boost [...]
Global brands, new stores and unique experiences are penetrating the Indian market and allure customers of the Apparel Industry. The Textile Industry together with garments industry contribute to 14% of India’s GDP and 13% of merchandise exports. Trailing only agriculture, the Textile Industry is the 2nd largest employer providing 45 [...]
India is well known for its original and traditional textile and apparel. The Textile sector is forecasted to reach $223 billion by 2021. The Textile and apparel industry together employ 105 million people directly and indirectly and will probably create an additional 50 million jobs by 2025. Many states have [...]
India’s Textile Industry is one of the strongest economies of the country. It accounts for 4% of India’s GDP in the last years. In the ‘Make in India’ initiative, the government seeks to support the industry with several financial supports and schemes. Also, being recognized as one of India’s oldest [...]
In a major decision for the Textile Industry in India, the Government in one of its states (Maharashtra) has for the first time decided to provide subsidy to textile owners which would not be linked to bank loans. Subsidy for the Textile Industry in India was earlier credit-linked and only [...]
India owns 59 % of the world’s market share in textiles and garments and is expected to be the leading textile producing country in the world by 2020. It has the potential to become the manufacturing hub due to skilled labour, low costs and natural resources available. But still the [...]
Guest author: Caroline JOIRE | Co-founder & Alicia CANTONI | Business Dev. Manager | AGALINE Last year, in 2014, apparel and accessories worth INR 3354 crore were sold online in India ($559 million). It is expected to reach the INR 17000 crore mark ($2,8 billion) by 2016. What are the factors driving [...]
Guest author: Geraldine Beatrice Gonfard | Buying Agent for European brands in New-Delhi Textiles and manufacturing have always been a tradition in India. The cotton trade with Western countries started centuries ago, and the Silk Road links Europe to North India and China. Today, India is the second largest textile [...]
