The textile trading sector is projected to be worth $800 billion globally, of which $35 billion comes from exports from India. The Indian government has revealed a plan for the sector to reach $100 billion by 2030, which would entail a 19% compound annual growth rate over the following six years. This would directly employ…
The domestic textile sector in India is anticipated to increase by 6–8% this fiscal year after rebounding by 9–10% in the previous fiscal year, according to CRISIL Ratings research. The development in the home market and strong demand from the US, the main export destination, will fuel the boom, it stated, despite some persistent logistical…
Based on the long-term positive outlook for the Indian economy and a strong focus on emerging areas like technical textiles, home furnishings, specialized fabrics, and fashion apparels, the market for Indian textile and apparel manufacturers may reach the $ 350 billion mark by 2030, according to a report. According to a survey by FICCI-Wazir Advisors,…
The upcoming festival season and export opportunities emerging from the crisis-ridden textile sectors in neighboring countries may help the textile industry in India battle the declining global demand. “Textile industries of Bangladesh and Sri Lanka are in complete boredom both on account of political instability and their complete reliance on exports for survival. This is a…
