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Indian weaving industry on the growth path
In this article, Sanjay Arora highlights the current status of the Indian weaving industry in terms of production, capacities, fabric demand and emerging trends.
Indian weaving industry: Paving the way towards growth
The Indian weaving industry is growing slowly but steadily despite several constraints. To accelerate its growth, the industry needs to develop a robust model and infrastructure. In this article, Sanjay Arora sheds more light on the current status of the Indian weaving industry in terms of production, capacities, fabric demand and emerging trends. He also highlights on the challenges and suggests ways to overcome the same.
ITJ’s e-conference discusses industry’s growth map
The Indian Textile Journal hosted “Textile Business E-Conference” on 17th February 2021 with an aim to provide a platform to all stakeholders to exchange ideas, collaborate and draw the roadmap for the future.
Designed For Gains
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.
Fuelling growth and creating employment
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.
India must focus on global audience too: Janecke
Global market size for technical textiles is estimated at $145 billion in 2015 and is expected to grow at a CAGR of 4 per cent to $170 billion by 2020, according to Wazir Advisors Knowledge Paper.
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