Advantage India
Robust
Demand
* Cotton production in India is projected to reach 7.2 million tonnes (~43 million bales of 170 kg each) by 2030, driven by increasing demand from consumers.
* Between April 2021 and September 2021, handicraft exports from India stood at Rs. 15,995.73 crore (US$ 2.13 billion), a 60.34% YoY rise due to increased participation from industry players to boost handicraft products in global markets.
Competitive
Advantage
* India enjoys a comparative advantage in terms of skilled manpower and in cost of production, relative to major textile producers.
* Abundant availability of raw materials such as cotton, wool, silk and jute.
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.
* Exports of cotton yarns/fabs./made-ups/handloom products stood at US$ 8.6 billion between April 2021 and October 2021.
Increasing
Investments
* Huge funds in schemes such as Integrated Textile Parks (SITP) (US$ 184.98 million) and Technology Upgradation Fund Scheme (US$ 961.11 million) released by Government during 2015-16 to 2019-20 to encourage more private equity and provide employment.
Sutlej Textiles
Sutlej Textiles & Industries Ltd (STIL) is a leading producer of value-added yarns in India. Since inception. the company has been committed to achieve high growth through development of niche products to meet increasingly sophisticated demands of the Industry. Today, it has the largest product portfolio of spun-dyed, cotton blended and cotton melange dyed yarns. Sutlej is the largest producer of melange yarn in India and one of the few exclusive spinners for specialty yarns such as modal, lyocell and tencel in the country.
Company Website: http://www.sutlejtextiles.com/
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ARVIND LIMITED
Arvind Limited’s principal products/services are finished fabrics and garments. Its segments are textiles, brands, retail, and others. The textiles segment includes fabric, yarn, and garments. The brands and retail segment include retailing of branded garments, apparels, and fabrics. The others segment includes technical textile, e-commerce, and project activity. It also manufactures cotton shirting, denim, knits, and bottom weights (Khakis) fabrics, and jeans and shirts garments. The Company, through its subsidiary, Arvind Lifestyle Brands Limited, markets branded apparel and licenses international brands in India. Its brands portfolio includes international brands, such as Arrow, US Polo, Izod, Elle and Cherokee. It also operates MEGAMART apparel value retail stores. It also has presence in telecom business directly and through joint venture companies.
Read MoreVardhman Textiles
Vardhman Textiles Limited is an integrated textile manufacturer. The company is engaged in the manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fibre, tow, and garments. The company's segments include textiles and fibre. The company is a piece dyed fabric manufacturer, and cotton yarn manufacturer and exporter. It offers the range of specialized greige and dyed yarns in cotton, polyester, acrylic and a range of blends. The company also manufactures products, such as organic cotton, melange, core spun yarns, ultra yarns (contamination controlled), gassed mercerised, super fine yarns, slub and cellulose yarns and fancy yarns for hand knitting. The company has approximately 1.1 million spindles and a capacity to manufacture over 580 metric ton (MT) of yarn per day. The company has manufacturing facilities located in Punjab, Himachal Pradesh, and Madhya Pradesh. The company markets its products in the European Union, the United States, and the far East.
Company Website: https://www.vardhman.com/
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