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.
* India’s textile and apparel exports (including handicrafts) stood at US$ 44.4 billion in FY22, a 41% increase YoY. Exports of readymade garments including cotton accessories stood at US$ 6.19 billion in FY22.
Competitive
Advantage
* India enjoys a comparative advantage in terms of skilled manpower and in cost of production, relative to major textile producers.
* In March 2021, Minister of Textiles, Ms. Smriti Irani announced that India will be fully self-reliant in silk production in the next two years.
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.
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 the 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 achieving high growth through development of niche products to meet the 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/
Read More
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/
Read More
Related News
MOREMajor Textiles hubs in India
- NCR
- Gujarat
- Maharashtra
- Uttar Pradesh
- West Bengal
- Tamil Nadu
- Madhya Pradesh
- Rajasthan
Posters
MORE
List of Top Indian Textile Manufacturing Companies
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
India Organic Biofach 2022
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
10th India Trend Fair 2022
The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...
Case Studies
MOREIndia's Food Processing Industry
The Indian food processing industry is among the largest in the nation in terms of growth, production, consumption and exports. The industry produces ...
India's Artificial Intelligence Revolution
Technological advancements have revolutionised the industry and businesses in the past few years, thus influencing the production process and supply c...
India's Infrastructure Ambitions
India is one of the world's fastest-growing economies, and infrastructure will play a massive role in helping the country take a huge development ...
IBEF BLOG
MORE
Growing Prospects of India's Chemical Industry
Chemical industry in India The chemical industry is both a knowledge- and ...
Rising Focus on Cybersecurity in India
Introduction Artificial intelligence (AI), quantum computing, 5G, Internet...
India's Flourishing Credit Ecosystem
Introduction One of the foundational elements of a modern, expanding, and ...
Partners
