Apart from the US and the EU, which account for about two-thirds of India’s textiles export, China, the UAE, Vietnam, Sri Lanka, Saudi Arabia, the Republic of Korea, Bangladesh, Turkey, Pakistan, and Brazil are some of the other key export markets.
The export of coir and coir products was worth US$ 232.94 million in April 2021 to July 2021, and for the month of July 2021 it was US$ 47.89 million.
The export of coir and coir products was worth US$ 476.61 million in FY21, and for the month of March 2021 it was US$ 70.75 million.
Approximately 4.42 million people are employed in this industry.
Powerloom sector in India contributes 57% of the total cloth production, whereas more than 60% of fabric meant for export is also sourced from this sector.
The domestic textiles and apparel market are witnessing strong growth due to rapid increase in organised retail and disposable incomes. The market is estimated to reach US$ 141 billion by 2021.