Growth of Textile Industry - Infographic

India is the second-largest producer of MMF Fibre and the third largest exporter of textiles and apparel in the world.

Advantage India

Robust
Demand

*Cotton production in India is projected to reach 7.2 million tonnes by 2030, driven by increasing demand from consumers.

*India’s textile and apparel exports (including handicrafts) stood at US$ 44.4 billion in FY22, a 41% increase YoY.

*Mr. Piyush Goyal discussed the roadmap to achieve the target of US$ 250 billion in textiles production and US$ 100 billion in exports by 2030.

Robust Demand Icon

Competitive
Advantage

*India enjoys a comparative advantage in terms of skilled manpower and in cost of production, relative to major textile producers.

*In June 2022, Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution, Mr. Piyush Goyal, stated that the Indian government wants to establish 75 textile hubs in the country.

Competitive Advantage

Policy
support

*100% FDI (automatic route) is allowed in textiles.

*Production-linked Incentive (PLI) Scheme worth Rs. 10,683 crore (US$ 1.44 billion) for manmade fibre and technical textiles over a five-year period.

*The Indian government has notified uniform goods and services tax rate at 12% on man-made fabrics (MMF), MMF yarns and apparel, which came into effect from January 1, 2022.

*1,83,844 beneficiaries trained across 1,880 centres under Samarth.

Policy Support

Increasing
Investments

*In June 2023, Government has approved R&D projects worth US$ 7.4 million (Rs. 61.09 crore) in textile sector

*Huge funds in schemes such as Rs. 900 crore (US$ 109.99 million) for Amended Technology Upgradation Fund Scheme (ATUFS) have been released by the Government in the union budget of 2023-24 to encourage more private equity investments and provide employment.

*Total FDI inflows in the textiles sector between April 2000-June 2023 stood at US$ 4.31 billion.

Textile Market Growth
Last updated: Nov, 2023

Major Textiles hubs in India  

  • NCR
  • Gujarat
  • Maharashtra
  • Uttar Pradesh
  • West Bengal
  • Tamil Nadu
  • Madhya Pradesh
  • Rajasthan

Posters

MORE
Textile Companies in India

Textile Companies in India

The technical textile industry in india worth US$ 17 billion is expected to grow at a rate of 20 per cent annually to reach US$ 36 billion by 2016-17.

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Electric Vehicles Driving Sustainable Mobility In India

Electric Vehicles Driving Sustainable Mobility In India

Sustainable mobility (electric mobility) contributes to a significant role in the economic development of a nation and supports the improvement of the...

The emergence of India as a Global startup hub

The emergence of India as a Global startup hub

In recent years, India has rapidly emerged as a global powerhouse in the startup ecosystem. With a vibrant entrepreneurial spirit, a massive pool of s...

Impact of 5G Technology on Indian Industries

Impact of 5G Technology on Indian Industries

A surge of disruptive opportunities has been sparked throughout the world as a result of the quick and broad adoption of 5G technology. India, one of ...

IBEF BLOG

MORE
The transformation of the Transportation and Logistics Industry
22 Nov 2023

The transformation of the Transportation and Logistics Industry

Logistics Industry is crucial to both enterprises and the economy. In ...

Lithium-ion battery (LIB) manufacturing industry in India
22 Nov 2023

Lithium-ion battery (LIB) manufacturing industry in India

Energy storage technologies are predicted to play a major part in the decar...

Digital Advertising in India
10 Nov 2023

Digital Advertising in India

With its developing economy, India provides advertisers with several opport...

Partners
Loading...