Emerging Textile Market in India

by

Aniket Dicosta

Textile and apparel industry have great contribution to India s economy growth and development. The industry has been dominating as the locomotive of the Indian economy for years. During the industrial revolution, one of the greatest changes in the industries has happened to be in textile industry market. There has been tremendous change in the textile market with innovations of best quality textile machinery and equipments.

In the modern era where textile demand is reaching sky, most of the Asian, European and Middle Eastern nations are competing with each other to gain most out of the business. India is constantly making efforts of flourishing in this new competitive atmosphere resulting to make Indian textile industry a prominent place in terms of exports and domestic market. Besides its usual yarn and fabrics products, India is engaged in exporting more than hundred garment products range to outside countries. Top global brands include Liz Claibome, Banana Republic, Gap, Polo etc, are sourcing products from India.

Textile Market comprises of around 14 per cent of total industrial output. As we all know, Indian textile and fabrics is in great demand in the national as well as international markets widely known for its smooth elegance and textures. And almost about 30 per cent of the total exports go to the textile sector. Textile Industries caters the basic requirements of the people and society. In each stages of production, value is added for processing and refining the product into the final commodity. Manufacturers are using effective textile machinery for producing quality textile and apparels.

The Indian textile market valued around $ 36 billion and accounts of about 5 per cent of the total GDP. Both national and international markets for textiles are expected to rise at a very high rate. As per the estimates, Indian textile industry is expected to reach $ 83 billion in the next five years. Big International brands including G Star, Levi, M & S, Wal-Mart, GAP, are using India as sourcing place. Notably, around 65 per cent of India s total manmade fabric production is manufactured in the Surat City of Gujarat state. The city covers major portion of manufacture of man made textile fabrics.

One such kind in Textile sector is the Medical Textiles. These days medical textile is one of the most growing sectors in the technical textile market in India. Medical Textiles are nothing but the products and constructions used for medical and biological applications basically for providing first aid, clinical and hygienic treatments.

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