The Indian textiles industry is set for strong growth, buoyed by strong domestic consumption as well as export demand. Karthik Muthuveeran reports.The Indian textile industry is currently on a roll. Not only the industry´s hopes are flying high following the formation of a new Modi-led government
Year: 2014
India and China are the two leading players in global textile production and exports. Both these countries are known for their capability of producing an extensive range of textile & apparel (T&A) products for the global market and for their reputation
Carvico is to move on along the path towards full sustainability with the launch of Vita, its brand new, ecofriendly fabric ideal for the creation of high performance sportswear.
The SRTEPC has played a transforming role over the years in promoting exports of Indian Man-made fibre textiles. Exports of these items which were negligible in the 1960s, have grown substantially to touch Rs. 34,518 crores (US$5.75 billion) during 2013-14.
The competitiveness of the Chinese clothing industry is set to weaken over the next few years as costs rise. As a result, export growth could falter, according to Issue No 168 of Textile Outlook International from the global business information company Textiles Intelligence.
Retail in India is going places. The retail industry which started off from the Kirana shops many years ago now has stern competition from multi-brand retailers, many of whom are not of Indian origin.
The competitiveness of the Chinese clothing industry is set to weaken over the next few years as costs rise. As a result, export growth could falter.