FICCI, Uttar Pradesh State Council has welcomed the draft textile policy of the Yogi Adityanath government. Chairman L K Jhunjhunwala and Co-Chairman SK Khandelia attended the meeting called by the Chief Minister, to discuss the draft textile policy for the State.
Month: January 2018
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FICCI, Uttar Pradesh State Council has welcomed the draft textile policy of the Yogi Adityanath government. Chairman L K Jhunjhunwala and Co-Chairman SK Khandelia attended the meeting called by the Chief Minister, to discuss the draft textile policy for the State.
Indian textile and apparel market is estimated at $118 billion, 69% of which is domestic consumption while exports constitute the rest 31%.
The global apparel consumption in 2016 is estimated to be $1.7 trillion, which formed around 2 per cent of the world GDP of $73.5 trillion. EU-28 was the largest apparel consumer market worth $400 billion, which was followed by markets of the USA, China and Japan. These top four markets together constituted approximately 62 per cent of the global apparel consumption.
In 2018, China will shy away from conventional textiles to concentrate more on branded apparel. This will create a huge demand-supply gap, says Avinash Mayekar.
Yes, 2018 would be the year for textiles and apparels! Let’s change ourselves in this New Year, by becoming positive in our attitude. Let us begin this year with hope. Hope that this year will be the year for the growth of Indian textile industry, hope for positive investments, and hope that the year will turn out to be the watershed year for Indian textile industry. After all, “hopes†alone have the capacity of driving crazy dreams and making them achievable.
When a vision becomes reality, CDL KNITS/TROPIC KNITS in Mauritius strike a new path in textile finishing. The TROPIC KNITS Group located in Mauritius is with 3,000 employees one of the biggest producers of high-quality fine knit garments in the Indian Ocean.
The year 2017 had a few demons that the textile industry needed to exorcise: Demonetisation and GST, which tore into the fabric of the small sector, the after-effects of which are still lingering on.