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Textile and Clothing Industry in India - Analysis of Growth, Trends and Forecast (2020 - 2025)

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Textile and Clothing Industry in India

India has a long history of textile and clothing and was one of the first place where cotton was cultivated and used as early as 3000 B.C. The remnants of the ancient Indian clothing history can be found in Harappa civilization sites and Indus valley civilization sites. There are proofs of even an older time in history, where humans living in India have developed clothes and wearing it in several ways.

Textile industry in India is contributing to 4% in GDP and 14% of Industrial production. Textile accounts to nearly 13% of Indian exports and India earns around 27% of foreign exchange through it. It is the largest industry in India with 45 million people employed in it. Textile industry accounted to US$ 109 billion in 2014 which is expected to reach US$ 127.8 billion by 2020. Rise in yield of agriculture production, rise in disposable income and foreign investments, vast textile production capacity, Large pool of skilled and cheap work force, Entrepreneurial skills Efficient multi-fiber raw material manufacturing capacity, Large domestic market and  Flexible textile manufacturing systems are the major biggest reasons for growth of textile in the country.

Readymade garments is the largest contributor to the textile and apparel exports from India in FY 15. It has a share of 40% in overall textile exports. Cotton textile had a share of 31% whereas, man-made textiles had a shares of 16 per cent in 2014 in exports.

India has received FDI worth US$ 1.65 billion during April 2000 to May 2015. India has allowed 100% FDI in Indian textile industry.

Most of the textile and clothes are manufactures/produced in Uttar Pradesh, Bihar, Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Jammu & Kashmir, Punjab, Madhya Pradesh, West Bengal and Maharashtra. Other states of India has small contribution in the industry.

Decline in international fuel prices and increase in middle class population is affecting positively towards  Textile and Clothing industry of India.  Textile and Clothing Industry is expected to increase with a CAGR of xx.xx% till 2020.

What the report offers

The study elucidates the situation of India and predicts the growth of its Textile and Clothing industry. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Textile and Clothing Sector of India. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types of Minerals and Metals available in the country.

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