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What it takes to be India’s top textile company?
Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.
Aspire, believe & deliver: India - The future of global fashion
In 2020 alone, Asia Pacific accounted for 51 per cent of the global textile market, making it the largest region. India is the second-largest manufacturer and exporter of textile and clothing in the world, with a 5 per cent share of global trade.
Think global, weave local
Inspite of blessed with a complete supply chain - from raw material to fibre to yarn to fabric - India has not been able to cash in on the opportunity created with China vacating some segments in the global textile market.
Brands do not want to compromise on style when shifting to circular materials
Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialise a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibres with the look and feel of cotton. The patented technology has been validated by leading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. Petri Alava, CEO & Co-founder, Infinited Fiber Company sheds light on why conscious clothing is becoming a popular choice, the growing market for regenerated fibres and more.
India’s textile & apparel industry
The global apparel demand is expected to boost at a steady CAGR of 5 per cent to grow from the current $1.9 trillion to reach $2.6 trillion by 2025.
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