Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
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Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government’s recent `6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
The Rs 30,000-crore Indian denim industry, which has been growing 15 per cent annually for the last five years, is expected to be worth Rs 54,600 crore by 2023, according to experts.
Yarn, Fabric and Accessories Trade Show 2016 will run from November 23-26, 2016 at the NSIC Exhibition Center Okhla, New Delhi. The special highlight of the YFA will be the Denim Zone. The zone will see 20 top Indian denim fabric makers exhibiting their denim innovations.