?In technical textiles, we are doing something, but not enough. There is a long journey, but we have not even started it. We have just only 2200 units in technical textiles in this whole big country. Even in the nine textile research associations, which have been entrusted with the tasks of Centres of Excellence, not much has been done. We need a lot more efforts,? the first few sentences from the Textile Commissioner, Dr Kavita Gupta.
Month: October 2016
In 2015-16, technical textiles market reached Rs 92,499 crore, of which the agro-textiles share is Rs 1,191 crore, which reflects only 1 per cent of the total. But for a country like India, which thrives on an agricultural economy, the scope is immense. ?We have not even touched the surface of the market, and we have to penetrate deep and explore the potential.
Can India take its share of 4.5% in global textile trade to 9-10% by 2020? An ITJ Exclusive explores the dreams and realities. India is No. 2 in the global textile trade, next only to China. But the country?s share is a measly 4.5 per cent against the 45 per cent of China?s. The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020.
Despite India being cotton surplus, the industry is still struggling, opines Sanjay Jain, NITMA President & Deputy Chairman, NITRA. Cotton-based textiles has been the main stay of Indian textiles over decades. India is one of the few nations where textiles is still skewed in favour of cotton (60 per cent) as against the world where man made has a 60 per cent share while cotton is sub 40 per cent. One of the major reasons for this is our large cotton crop grown across 10 states.
The top 10 markets in the world for textile and apparel constitute for 48 per cent of India’s total textile and apparel exports. The current global apparel market is worth $1.7 trillion and it constitutes around 2 per cent of the world’s GDP. The European Union, USA and China are the world’s largest apparel markets with a combined share of approximately 54 per cent.
The top 10 markets in the world for textile and apparel constitute for 48 per cent of India’s total textile and apparel exports. The current global apparel market is worth $1.7 trillion and it constitutes around 2 per cent of the world’s GDP. The European Union, USA and China are the world’s largest apparel markets with a combined share of approximately 54 per cent.
The top 10 markets in the world for textile and apparel constitute for 48 per cent of India’s total textile and apparel exports. The current global apparel market is worth $1.7 trillion and it constitutes around 2 per cent of the world’s GDP. The European Union, USA and China are the world’s largest apparel markets with a combined share of approximately 54 per cent.