Last Updated: March, 2015
India is the seventh-largest producer of wool and accounts for nearly 2 per cent of total world production. India has the third largest sheep population in the world with 71 million sheep. The annual wool production is in the range of 43-46 million kg.
The wool textile industry in India is poised to grow at a healthy rate. A higher rate of technology penetration into this industry, coupled with government incentives and other capacity-building initiatives have resulted in increased exports, besides stimulating domestic consumption.
The US and the EU markets are the key destinations for Indian wool and wool-blended products and are the key drivers for the growth of Indian wool exports. Indian exporters are also geographically diversifying their exports to other regions such as Middle East, Latin America, Southeast Asia and East Asia to increase their footprint in global markets. The export of wool and wool-blended products (readymade garment wool, woollen yarn, fabrics and made-ups) for 2013-14 was US$ 2,326 million.
WOOLTEXPRO is an autonomous non-profit export promotion council sponsored by the Ministry of Textiles. It has become the international face of Indian woolen textiles by facilitating exports successfully.
Wool Industry Export Promotion Council (WOOLTEXPRO)
Other Export Promotion Councils:
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.