The Indian textile market is estimated to grow at a CAGR of more than 5% during the forecast period. India’s textile and apparel sector enjoys good growth prospects, owing to its long-standing traditions of textile and apparel manufacturing, and steady government support. In addition, this country of 1.3 billion individuals is home to a rising and increasingly affluent middle class that wishes to spend more on both home textiles and clothing. This has supported in facilitating the spread of private labels for home textile and fast fashion, as opposed to premium fabrics and brands. India’s textile and apparel sector is increasingly well-positioned to respond to demand both low- and high-end home textiles and fashion.
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Domestic textile and apparel conglomerates have also boosted their capacity and expertise in the emerging niches of industrial fabric and innovative flooring materials with reduced environmental footprints and enhanced performance features. India’s textile and apparel sector is a substantial export and employment generator and enjoys active support from the federal government. For years, the authorities have adopted policies designed to boost exports and investment, enhance employee skills, bring employment opportunities to underdeveloped regions, and preserve the sector’s cultural heritage.
Drivers for the textiles and apparel industry include India’s rising middle class, its ongoing urbanization, and the rising number of nuclear families, which have resulted in Westernized tastes and higher consumption and spending. This creates opportunities for boosting domestic production capacity and expertise, as well as for the entry, or deeper penetration of, global textile and apparel brands. The regulations allow 100% FDI in textile and apparel manufacturing. In addition, potential investors can set up manufacturing units in Special Economic Zones (SEZs), National Investment and Manufacturing Zones (NIMZs), and Integrated Textile Parks (SITPs) at subsidized rates. Emerging trends including technical textiles, a global player in fast fashion, textile parks to attract global investments, and technology up-gradation, all are playing an important role in advancing the textile industry in the country.
The Indian textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. The application segment includes fashion and clothing, industrial/technical, and household. The country is the largest producer of cotton and jute, with cotton leading the market value share in the country. Additionally, India is the second-largest producer of polyester, silk, and fiber, only behind China, and shows exceptional growth prospects in the coming years.
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Indian Textile Market Report Segment
By Material
- Cotton
- Jute
- Silk
- Synthetic
- Wool
- Others
By Application
- Fashion and Clothing
- Industrial/Technical
- Household
Company Profiles
- Arvind, Ltd.
- BSL, Ltd.
- Grasim Industries, Ltd.
- Himatsingka Seide, Ltd.
- K P R Mill Ltd
- Lakshmi Mills Company
- Nitin Spinners, Ltd.
- Raymond Group
- Reliance Industries, Ltd.
- The Ruby Mills Ltd.
- Trident, Ltd.
- Vardhman Textiles, Ltd.
- Welspun Group
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