We eagerly anticipate the upcoming Union Budget, recognising the crucial role the textile industry plays in driving India’s economic growth. As one of the leading exporters…
Browsing: Scheme for Integrated Textile Parks
Trident Group is a $ 1 billion Indian business conglomerate and global player. Headquartered in Ludhiana, Punjab, Trident is the largest terry towel and wheat straw…
Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh to bring finest handloom & handicraft creations and showcase unique textile innovations. Bharat Tex 2024, India’s premier global…
Prime Minister Narendra Modi’s visionary 5F framework—Farm to Fibre to Factory to Fashion to Foreign—is the roadmap guiding this evolution. India’s textile industry is positioned at…
PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme is expected to bring fresh capital investment of $ 5.5-6.0 billion and in turn create export opportunities of around $ 4.5-5.0 billion per annum for textile products once the scheme is fully implemented, says a CARE Ratings report.
A delegation from the knitwear hub of Tirupur has visited Odisha to assess investment opportunities in setting up garment manufacturing units in the State. The delegation also held discussion with the Odisha Government officials on the possibility of making investments in a new textile park near Bhubaneswar.
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.