Published on June 15, 2015

India is the world’s largest producer of the textiles and garments.  In India, the market share of textiles is around 65%. The textiles industry is broadly divided into two section yarn & fibre and processes fabric & apparel. India is the highest hand loom manufacturer, and having capacity which is around 65% of market share in the world.  The domestic textile industry will estimated to reach US$100 by 2017 in India.

Now a day, Indian Government policy aims to achieve $300 billion textile exports by 2024-25 and foresees creation of further 35 million jobs, as per market source. The government policy also focused on providing investment opportunities for foreign companies across the specialty fabric and fabric processing  for all type of natural and synthetic textiles, technical textiles etc.

The new policy intends to address adequate skilled workforce, labour reforms, attract more investments and provide a bright future road map for the textile and clothing industry.