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.
Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government.
Textile chemicals market in Vietnam is expected to witness strong growth in the coming five years on account of improvements in macroeconomic factors and smooth trading policies.
Sympatex Technologies, a pioneer in the field of sustainable functional textiles, will be exhibiting its smart textiles product category at Expoprotection fair, the only event in France.