The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
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India’s textiles sector has been attracting a lot of investment from the UAE as the country is trying to promote the exports of handloom textiles in the next 3 years.
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.
As per the reports, the chaos in Afghanistan due to the Taliban’s takeover has affected the textile hub of Surat. The exporters and brokers have claimed that a payment of Rs 4 billion is stuck due to the unrest.
According to the rating agency, cotton-based textile products emerge as a clear winner with additional incentives of Rs 750-850 crore in the new rates of rebate under RoDTEP.
A research at Wageningen University & Research shows that there are definite possibilities to create raw materials for clothing fibres from waste streams from rice, maize, bananas, pineapples and sugar cane.