Textiles and Apparels
The textile industry is an important part of India's economy, with a long history dating back centuries. India is recognized for its textile industry and is among the top textile producers and exporters globally. The textile manufacturing sector in India is varied, covering a vast array of textiles such as clothing, household textiles, technical textiles, and traditional handwoven textiles.
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KNOW MORE ›Textiles and Apparels Industry in India
The textile manufacturing sector in India is a major market that plays a crucial role in the country's GDP and job creation. One of the biggest employers in the nation, it creates job opportunities in various stages of the value chain like cotton farming, spinning, weaving, dyeing, printing, and making garments.
India hosts multiple textile manufacturing hubs situated in areas including Gujarat, Maharashtra, Tamil Nadu, Uttar Pradesh, and West Bengal. These clusters focus on specific areas of the textile industry, such as cotton textiles, silk textiles, and handloom textiles, and play a substantial role in India's textile production and exports
India ranks as the second biggest manufacturer of textiles and clothing globally.
It is also the exporter of textiles worldwide, covering apparel, home, and technical products, ranking as the sixth-largest. India holds a 4% portion of the worldwide textile and apparel trade market.
The textile and clothing sector accounts for 2.3% of the nation's GDP, 13% of industrial output, and 12% of exports.
Approximately 45 million people are working in the textile sector, with 3.5 million of them being handloom workers. In the financial year of 2022, India's exports of textiles, clothing, and handicrafts reached $44.4 billion, rising by 41% compared to the previous year.
It is anticipated that textile exports will reach a total of US$ 65 billion by the fiscal year of 2026. It is anticipated that the Indian textile and apparel sector will experience a 10% Compound Annual Growth Rate (CAGR) between 2019-20, projected to reach US$ 190 billion by 2025-26. The apparel market in India was worth US$ 40 billion in 2020 and is projected to grow to US$ 135 billion by 2025.
The amount of money in rupees. The PLI scheme worth 10,683 crore (US$ 1.44 billion) is anticipated to provide a significant uplift for the textile industry. The plan aims to encourage the production of MMF apparel, MMF fabrics, and 10 categories of technical textile products.
Industry Demand Outlook
Strong domestic consumption and export demand provide a positive outlook for the Indian textiles industry's future. India is undertaking several key projects to enhance its technical textile sector. Due to the pandemic, there is an increasing need for technical textiles such as PPE suits and equipment. The sector is being supported by the government through financial assistance and the provision of machinery.
Leading players in the industry are ensuring sustainability in their products through the production of textiles made from natural and recyclable materials.
The retail industry in India has seen significant expansion over the last ten years due to an increase in consumerism and disposable income, with the arrival of various global brands such as Marks & Spencer, Guess, and Next. The surge in textiles will be driven by increasing household incomes, expanding populations, and growing demand from sectors like housing, hospitality, healthcare, and more.
The automotive textiles segment of the technical textiles market is expected to grow to US$ 3.7 billion by 2027, up from US$ 2.4 billion in 2020. Likewise, the industrial textiles industry is projected to grow at a compound annual growth rate (CAGR) of 8% from US$ 2 billion in 2020 to US$ 3.3 billion in 2027. It is predicted that the Indian textiles market will surpass $209 billion by 2029.
PLI Scheme
The Textiles PLI Scheme is included in the overall set of initiatives by the Indian Government to boost the textile industry. Created to inspire and compensate textile manufacturing employees in India, PLIs for Textile was introduced in 2017 by the Ministry of Textiles to encourage the production of textile goods and boost their exportation.
In addition to encouraging exports, the program also addresses various other aspects of the manufacturing process. These measures involve offering raw materials at competitive prices, enhancing skills, providing credit at competitive interest rates, giving infrastructure support, and promoting technological upgrades. The integration of these measures with the PLI Scheme will foster a favorable atmosphere for the development of India's textile industry.
To qualify for the program, companies need to show growth in their exports in the past three fiscal years. Additionally, they are required to adhere to certain safety, labor, and environmental criteria. The program provides companies with a one-time payment of up to 5% of their total export value as an incentive. All textile manufacturing units in India, including those in spinning, weaving, garments, and related activities, have the opportunity to participate based on their product quality, quantity, and timely delivery performance.
Future of Textiles and Apparel
Advancements in innovation and technology are revolutionizing the textile manufacturing industry, changing how textiles are made, designed, and utilized, and shaping the industry's future.
Nevertheless, the sector encounters obstacles such as rivalry from abroad, increasing wages for workers, infrastructure deficiencies, adherence to laws, and environmental worries. To overcome these obstacles, stakeholders such as the government, industry participants, and other relevant parties must work together consistently.
There is a growing emphasis in the industry on sustainability and environmentally conscious practices. A growing number of people are becoming more conscious of using sustainable fibers, organic and natural dyes, water and energy-saving technologies, and waste reduction efforts. Several Indian textile companies are also acquiring globally accepted certifications like GOTS (Global Organic Textile Standard) to showcase their dedication to sustainability.
How We Can Help
Corpseed assists with obtaining all necessary licenses and permits required for operating in the textiles and apparels industry. This includes factory licenses, pollution control board approvals, and other industry-specific certifications, ensuring your operations are legally compliant.
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Textiles and Apparels
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Textiles and Apparels
Industries We Cater To
Manufacturing
The manufacturing industry comprises businesses engaged in producing tangible goods Advances in automation, collaboration, innovation, and other areas also contribute to improving manufacturing quality and efficiency using AI and machine learning.
KNOW MOREFrequently Asked Questions
Quick answers to common questions about this service.
Information about where brands in India are sourcing products from, at various price points?
Price points are classified data shared exclusively between buyers and suppliers, but there are significant International companies and stores in India that are sourcing products at different price points, including H&M, Zara, Uniqlo, M&S, PVH, Decathlon, Hugo Boss, Bestseller, and other similar brands.
Summary of the Free Trade Agreements (FTA)?
India is presently in talks to negotiate FTAs with the EU, Australia, UK, Canada, Israel, and other countries nations/territories. Indian companies receive an instant cost benefit when these tariffs are reduced to zero because of Trade agreements that are free of charge. Indian companies are also able to compete on an equal platform with companies from Vietnam, and Bangladesh to export goods to the EU and the US without having to pay any tariffs.
What does the National Technical Textile Mission (NTTM) entail?
The National Technical Textiles Mission (NTTM) has been given the green light for execution over four years spanning from FY 2020-21 to 2023-24. The goal is to establish India as a key player in Technical Textiles worldwide by growing the local market from $40 billion to $50 billion by 2024. It also backs the 'Make in India' campaign, which promotes the manufacturing of machinery and equipment within the country.
What are examples of foreign textile companies that have made investments in India?
Several international companies like Avgol (Israel), Hyosung (Korea), Perennials (USA), Lindstrom (Finland), Youngone (Korea), Nanliu (Taiwan), and Kimberly Clark (USA) have made investments in India and established manufacturing plants there.
What does the Market Research Department do in the Textile Committee?
The Textiles Committee's Market Research Department is one of its functional departments the operations conducted by Textile Economic Research. Textiles are required to follow the regulations set forth by the Textiles Committee Act is conducting economic research on textiles.
What is the goal of the PM MITRA Parks Scheme?
The plan is to create comprehensive and modern industrial infrastructure facilities for all aspects of the textile industry. It will lower transportation expenses, increase job creation, and establish India's strong presence in the global textile industry. These parks are planned to be situated in areas with natural advantages for the textile industry to thrive and have the essential connections to prosper.
How long does it take for customs clearance for imports/exports?
ICD (Inland Container Depots) Delhi- Duration from cargo arrival to importer declaration filing 10 days 14 hours 11 minutes at ICD Bangalore, followed by 5 days 23 hours 36 minutes.
What is needed in terms of investment to qualify for incentives under the PLI Scheme?
The plan consists of two sections, Part 1 requires a minimum investment of INR 300 Cr and a minimum turnover. The target for the incentive is INR 600 Cr and Part 2 requires a minimum investment of INR 100. The minimum turnover needed to qualify for the incentive is INR 200 Cr.
What does Export Promotion & Quality Assurance entail within the Ministry of Textile?
The Export Promotion & Quality Assurance Division performs tasks outlined in different sections of The Textiles Committee Act, including conducting technical studies in the textile sector, promoting textile exports, setting standard specifications for textiles and packing materials, determining quality control measures for textiles, offering training on quality control techniques for textiles, and more.
What are the department's newly started activities?
Lately, the Marketing Research Department has launched numerous efforts to enhance the export of our products to the nation utilizing Market Intelligence in Textiles (MIT). A thorough database on various sectors of the textile industry will be created to offer guidance to both the country's exporting community and policymakers. This Database will offer broad information on every aspect of the T&C sector, including Production, Domestic Demand, Export & Import, Pricing, Competitiveness, Cost comparison, Government Policies, Tax Structure, RTAs/PTAs, Infrastructure, and other relevant industry matters for stakeholders and policymakers. In addition, the department is leading efforts to ensure the safeguarding of traditional and distinct textile products through the GI Act.