Textiles and Garments

Growth Drivers

  • Rising per capita income, favourable demographics and a shift in preference for branded products is expected to boost demand.
  • Favourable trade policies and superior quality will drive textile exports.
  • Increase in domestic demand is set to boost cloth production.
  • Pointed and favourable policies instituted by the government will give the industry a fillip.
  • With consumerism and disposable income on the rise, the retail sector has experienced rapid growth in the past decade, with many global players entering the Indian market.
  • The centres of excellence focused on testing and evaluation as well as resource centres and training facilities have been set up.
  • As per the plan for 2012-17, the Integrated Skill Development Scheme aims to train over 2,675,000 people up to 2017, covering all sub-sectors of the textile sector – textiles and apparel, handicrafts, handlooms, jute and sericulture.
  • Changing lifestyles and increasing demand for quality products are set to fuel the need for apparel.

Reasons to Invest

  • India has the second largest manufacturing capacity globally.
  • The Indian textile industry accounts for about 20% of the world’s spindle capacity and 10% of global rotor capacity.
  • India has the highest loom capacity (including hand looms) with 59% of the world’s market share.
  • India accounts for about 13% of the world’s production of textile fibre and yarn and is the largest producer of jute and cotton, and the second largest producer of silk.
  • A strong production base of a wide range of fibre/yarn from natural fibres like cotton/jute, silk and wool to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
  • Increased penetration of organised retail, favourable demographics and rising income levels to drive textile demand.
  • India enjoys a comparative advantage in terms of skilled manpower and cost of production over major textile producers.
  • Abundant raw material and increasing demand for exports to boost fibre production.
  • Abundant availability of raw materials such as cotton, wool, silk and jute.
Textiles and Garments

Foreign investors