Home » Indian Textile Industry And Growth Over The Years 

Indian Textile Industry And Growth Over The Years 

by janeausten
Textile Sourcing

One of the nation’s oldest sectors, the textile industry in India has been around for many years. The textile sourcing business is very diverse. With the capital-intensive sophisticated mills sector at one end of the spectrum and the hand-spun and hand-woven textiles sector at the other. India’s textile industry has a significant manufacturing base of a variety of fibres and yarns. This includes both natural fibres like cotton, jute, silk, and wool as well as synthetic/man-made fibres like polyester, viscose, nylon, and acrylic.

The major segment of the textiles industry is the decentralised power looms/hosiery and knitting sector. Compared to other sectors in the nation, the textiles industry is distinctive due to its tight ties to agriculture (for raw materials like cotton). And the old culture and traditions of the nation in terms of textiles. The textiles sector in India has the ability to manufacture a broad range of goods. And these goods are suitable for various market niches both domestically and internationally.

The government developed a number of programmes, including the Mega Integrated Textile Region and Apparel (MITRA) Park initiative, the Technology Upgradation Fund Scheme (TUFS), and the Scheme for Integrated Textile Parks (SITP), to draw in private equity and increase employment.

Market size

By 2025–2026, the Indian textile and apparel market is projected to increase at a 10% CAGR, totaling US$190 billion. India accounts for 4% of global textile and clothing trade.

The biggest producer of cotton in the world is India. During the 2021–2022 cotton season, an approx. 362,18 lakh bales get manufacture. Also, 338 lakh bales of cotton are anticipated to be used domestically in the 2021–22 cotton season. With the 2030, India’s cotton output is about to reach 7.2 million tonnes (or 43 million bales of 170 kg each), spur by rising consumer demand.

India produced 2.40 MT of fibre in FY21 (through January 2021), compared to 4,762 million kg of yarn during the same time period.

India exported $44.4 billion worth of textiles and clothing (including handicrafts) in FY22, a 41% YoY increase. The US is India’s single biggest market, and 27% of its total exports in FY22 were textile and apparel. In FY22, ready-to-wear garment exports, including cotton accessories, were US$6.19 billion.

A total of 4.5 crore people are engaging in the textile sector in India, including 35.22 lakh people who work with handlooms.

Investment and key development 

From April 2000 to June 2022, the sector (including dyed and printed) received foreign direct investment (FDI) totaling $4.03 billion. Also, over the last five years, investment in the textiles industry has soared.

To lessen the amount of textile waste discarded in landfills. The biggest textile to technology conglomerate in India, there are various sustainable technology companies that specialises in rejuvenating textile waste into virgin grade goods, have created a joint venture.

Local weavers in Tuensang, Nagaland, received 45 days of skill-upgrading training in November 2022. This equates to 315 hours under the SAMARTH programme.

Technical textiles B.Sc. and MBA programmes is here to offer by the Sardar Vallabhbhai Patel International School of Textiles and Management (SVPISTM) in 2022–2023.

Federico Salas, the Mexican ambassador to India, attended the India International Trade Fair 2021’s Khadi India Pavilion in November 2021. And recommended that India and Mexico work together to promote Khadi internationally.

Points to remember

  • Technology is applicable by home textile companies to optimise the value chain. To monitor textile raw materials throughout the supply chain, Welspun India, for instance, developed Wel-Trak 2.0 in October 2021. This updated version of the patented end-to-end traceability system is used.
  • Strategic collaborations are another tool usable by Indian home textile enterprises to bolster their operations and market presence.
  • As a result, Welspun India joined forces with DuPont Biomaterials in October 2021 to launch a line of home textiles and expand the company’s sustainable textiles division.
  • To increase its manufacturing capacity, Indo Count Industries Ltd. (ICIL) stated in May 2021 that it will spend Rs. 200 crore (US$ 26.9 million).
  • The flagship firm of the US$ 1.2 billion LNJ Bhilwara Group, RSWM Limited, was honored by the Ministry of Industries & CSR. Government of Rajasthan, in April 2021, for having the largest textile export turnover in 2020.
  • Bella Casa Fashion & Retail Ltd. (BCFRL) stated in April 2021 that it is expanding its two current facilities and constructing one new. Further, order to provide 1,000 people with work possibilities. Also, total investment for the expansion will be Rs. 65 crore ($8.63 million).

Sum up

There is no wonder, the Indian textile industry has grown up in the past few years. Our textile and crafts are worldwide known for its vibrant and detailing work. As per given above, the upcoming year would be a big thing for the Indian textile industry. The world is looking towards Indian fashion. If you are an India fashion designer or boutique owner then you require a textile sourcing partner for consistent supply of raw material. But it is hard to get due to the unorganised structure of Indian textile. To eliminate the issue further, fabriclore has been working towards this direction since 2016. We provide thousands of materials with an option of easy customization for your textile

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