Browsing: global textile market

The industry’s future depends on eco-friendly materials, advanced technical textiles, tailored choices, and intelligent fabrics, says Rohit Khemka. India’s textile industry is vital to the economy,…

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.

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.

ITJ webinar provided a roadmap for the growth of Indian textile industry with experts emphasising on self-sufficiency, value addition and increasing inherent competitiveness of the industry.