Day 13 of My Learning Series: Textile Industry in India🧵 📌 Introduction India is a major player in the global textile market, ranking as the second-largest producer and third-largest exporter of textiles and garments. The country is responsible for 4.6% of the world's textile and apparel trade and provides jobs for around 45 million people, with 3.5 million employed in handloom weaving. 📌 Market Overview The global apparel market is expected to grow at an annual rate of 8%, reaching $2.37 trillion by 2030. India's textile and apparel market is projected to grow even faster, at 10% annually, reaching $350 billion by 2030. The textile sector contributes 2.3% to India's GDP, 13% to industrial production, and 12% to exports. 📌 Major Textile Hubs in India ▶ Gujarat ▶Maharashtra ▶Uttar Pradesh ▶West Bengal ▶Tamil Nadu ▶Madhya Pradesh ▶Rajasthan 📌 Key Drivers of Growth in the Indian Textile Industry 1]Rising Demand: Increased consumer spending and changing fashion trends are driving higher domestic consumption. Additionally, global markets are attracted to India’s competitive pricing, quality, and variety. 2]Technological Advancements: Innovations like automation and digital technology are improving efficiency and product quality. Investments in research and development are leading to new textile technologies and processes. 3]Export Opportunities: New trade agreements with countries like Australia and the UAE, along with efforts to expand export markets, are opening up global opportunities for Indian textiles. 4]Skilled Workforce: India’s large and skilled labor force, including traditional weavers and professionals, helps maintain high production and quality standards. 5]Sustainability Trends: There is a growing focus on sustainable and eco-friendly practices to meet consumer and environmental demands. 6]Government Initiatives and Investments: The Indian government is investing heavily in the textile sector, with funds allocated for improving synthetic and technical fabrics, establishing new textile parks, advancing new technologies, and supporting handloom weavers through various programs and financial aid. 📌 Conclusion India's textile industry is growing rapidly, driven by strong domestic demand, technological improvements, and government support. With a skilled workforce and a focus on sustainability, the sector is set for continued success and global expansion. 📌 Reference: https://lnkd.in/das3Nmky https://lnkd.in/d2iAp3hv
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To prepare for the anticipated growth of India's textile industry and address the gap in skilled textile technocrats, various stakeholders—education institutions, industry players, government, parents, and students—must collaborate. Here's a comprehensive action plan: Educational Institutions Curriculum Alignment: Update courses to include emerging technologies like smart textiles, sustainable practices, and automation. Skill Development: Promote hands-on training, internships, and certification programs in textile production, design, and entrepreneurship. Industry Collaboration: Partner with industries for R&D, live projects, and knowledge-sharing workshops. Role of Industry Upskilling Workforce: Provide in-house training programs on AI, IoT, and modern textile machinery. Support Academia: Offer scholarships, project sponsorships, and mentorship programs. Job Creation: Invest in value-added segments like technical textiles and high-performance materials. Awareness for Parents & Students Career Campaigns: Highlight diverse job opportunities in textiles through career fairs and media. Skill Pathways: Promote vocational and polytechnic courses as viable alternatives to traditional degrees. Government Initiatives Policy Support: Implement PLI schemes and subsidies for textile parks. Capacity Building: Launch large-scale skilling programs like SAMARTH for textile aspirants. Entrepreneurship Boost: Facilitate start-up ecosystems in textiles. Bridging the Talent Gap Technocraft Training: Establish dedicated institutes for advanced textile technologies. Holistic Education: Integrate engineering, arts, and vocational streams for comprehensive talent development.
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Day 21 of my learning series: Apparel Industry in India 📌 Industry Overview India is world’s leading manufacturer of apparel, well known for its production of cotton ,silk and yarn. The industry contributes approx 2.5% to India’s GDP and provides around 45 millions job directly ,with addition 100 million in the allied sector India is largest producer of cotton accounting for 38% of global production Despite this,it is largest consumer of the cotton. Key production hubs are Gujarat, Telangana, Madhya Pradesh and others The sector includes organised segments for handicraft wools, handlooms and cottons products The industry is valued at $ 172 bn in FY 2022 and is projected to grow at CAGR of 14% reaching $387 bn by 2030 📌 Export Trend India ranks as the 6th largest exporter in the world with a large manufacturing base and raw material.The apparel sector contributes 8% to total Indian exports and 5% of global textile exports.In FY 2024 textile exports increased from $ 1.52 bn to $ 1.81 bn while apparael Exports rised from $ 1.41 bn to $ 1.48 bn For FY 2023, performance varied for different segments are cotton textile fall by 28.45%,man made textile dropped by 11.86%,ready made garments grew by 1.10% and handicraft decline by 19.13%.India is exports to more than 100 countries with UK,UAE, Bangaladesh, USA and Germany .USA is largest client accounting for approx 29% of apparel exports India has signed a Free Trade Agreement (FTA) with the UAE and is working on FTAs with the EU, Australia, the UK, Canada, and others, which will boost export demand. Foreign Direct Investment (FDI) is allowed at 100% for single-brand retail and 51% for multi-brand retail. 📌 Government Initiatives The government is also supporting the industry by hosting the Bharat Tex event in New Delhi in February 2024. This event will feature 3,500 exhibitors and 3,000 buyers from 111 countries, providing a platform for textile manufacturers and retailers to showcase their products. It highlights the talent and creativity of Indian textile work and aims to increase demand. Similar events have previously resulted in many Memoranda of Understanding (MOUs) being signed, promoting business growth and international collaboration. Reference https://lnkd.in/dPhZ36-j
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India's textiles sector is poised for major expansion, with Ready-Made Garments (RMG) exports experiencing 11% year-on-year growth as of August 2024. Projections suggest the sector could reach USD 350 billion by 2030, benefiting from India's strong value chain, raw material base, large export footprint, and a growing domestic market. The government's robust policy framework is a key driver, aimed at fostering investment and increasing exports. Key initiatives like the PM Mega Integrated Textile Region and Apparel (PM MITRA) Park and the Production Linked Incentive (PLI) Scheme are expected to attract over Rs. 90,000 crore in investment within the next 3-5 years. These efforts are bolstered by the National Technical Textiles Mission, which aims to establish India as a leader in technical textiles. The PM MITRA Parks, with cutting-edge infrastructure, are projected to generate significant employment and investment, furthering India's goal of becoming a global textile hub. The PLI Scheme focuses on promoting the production of MMF Apparel, Fabrics, and Technical Textiles, with a total projected investment of over Rs. 28,000 crore. It is expected to generate employment for nearly 2.5 lakh people. Additionally, the National Technical Textiles Mission emphasizes innovation, supporting startups and research in areas such as specialty fibres, geotextiles, and environment-friendly textiles, thereby enhancing India's strategic and technical capabilities in textiles. With both central and state-level support, India's textiles sector is on track to unlock its full potential, leading to increased growth, investment, and job creation across the country. Narendra Modi Giriraj Singh
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TEXTILE SECTOR TO ATTRACT RS 95,000 CRORE INVESTMENTS IN FIVE YEARS • Driven by the PM MITRA mega textile parks and the Production Linked Incentive (PLI) scheme for man-made fabrics (MMF) and technical textile products, the textiles sector in India is poised to attract investments worth Rs 95,000 crore over the next 3-5 years, reveals Rachna Shah, Textiles Secretary. • In addition to these two key initiatives, foreign direct investment (FDI) and other channels will also contribute significantly to the sector’s growth, with a focus on ‘sunrise sectors’ such as MMF, apparel, and technical textiles, she highlights. • Emphasising on the government's high expectations for Bharat Tex 2025, scheduled for Feb 2024, Shah anticipates, the event will not only lead to signing of new MOUs but also attract substantial investments and business generation. • Each of the seven textile parks being developed by the government is likely to attract an investment worth around Rs 10,000 crore, totalling Rs 70,000 crore, says Shah. • Additionally, the PLI scheme for technical textiles and MMF is expected to attract another Rs 25,000 crore in investments, she adds. Some investments under the PLI scheme have already been initiated, and the full scope of these investments will materialise within the next 3-5 years, Shah anticipates. • Alongside these initiatives, further investments would be driven by FDI and other sources, she adds. The seven mega textile parks under the PM MITRA scheme will be established in Tamil Nadu (Virudhunagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalburgi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow/Hardoi), and Maharashtra (Amravati). • The upcoming Bharat Tex 2025 will generate concrete business and investment opportunities, rather than just MOUs, Shah affirms. Launched in 2021 with a budget of Rs 10,683 crore, The PLI scheme will to promote the production of MMF and technical textiles over a five-year period, she adds. • Bharat Tex 2025, to be held from Feb 14-17, 2025, is expected surpass the previous edition in scale. This event offers an unparalleled chance to experience the dynamism and creativity of Indian textiles and gain access to both domestic and global markets. News source : fashionatingworld.com Image source : Indian Textile Journal
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India's textile and apparel industry is a dynamic and vital sector, deeply woven into the fabric of the nation's economy. Let's explore the significance of this industry and how it's evolving with support from the government and innovations in the market. 1. Historical Significance The textile industry in India has a rich heritage, dating back thousands of years. Renowned for its fine fabrics and intricate designs, Indian textiles have always been highly valued worldwide. 2. Economic Impact The textile and apparel sector contributes significantly to India’s GDP and employment. It is one of the largest sources of employment, providing jobs to millions, especially in rural areas. 3. Government Initiatives To boost this sector, the Indian government has introduced several initiatives: Production Linked Incentive (PLI) Scheme: Incentivizes domestic production and exports, aiming to make India a global manufacturing hub. Technological Upgradation Fund Scheme (TUFS): Supports modernization and technological advancement to increase productivity and quality. Integrated Textile Parks (ITPs): Provides world-class infrastructure to textile units, reducing costs and increasing efficiency. Skill Development Programs: Enhances the skill set of workers to meet global standards and improve productivity. 4. Innovation and Sustainability The industry is embracing innovation through digital technologies, automation, and sustainable practices: Smart Textiles: Integration of technology in textiles for various applications, from health monitoring to fashion. Eco-friendly Practices: Adoption of sustainable processes to minimize environmental impact, including organic cotton farming and recycling. 5. Export Growth India is a major exporter of textiles and apparel, with a significant share in the global market. Government measures to simplify export procedures and enhance market access are further boosting this growth. 6. Challenges and Opportunities While the industry faces challenges such as global competition and environmental concerns, there are vast opportunities for growth. Investment in technology, skill development, and sustainable practices are key areas of focus. 7. Future Prospects With strong government support and a focus on innovation, the future of India’s textile and apparel industry looks promising. Continued efforts to modernize and expand this sector will drive economic growth and create more employment opportunities The textile and apparel industry in India is not just about fabrics and fashion; it's a vibrant sector contributing to the nation's economic strength and cultural heritage.
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Empowering Textiles : India's Leading Textile Policy India's Textile Ministry is actively promoting textile manufacturing to boost employment and support export-based production, aligning with the Make in India initiative. Here are the top five textile policies spearheaded by the Textile Ministry: 1. Scheme for Integrated Textile Park (SITP) -Launched in 2005 to develop world-class textile manufacturing infrastructure. - Operates under a PPP model to attract foreign investment. - Aims to provide state-of-the-art facilities for setting up textile units, typically housing 50 units per park. 2. Scheme for Incubation in Apparel Manufacturing (SIAM) - Launched in January 2014 on a pilot basis. - Demand-driven scheme promoting entrepreneurship in apparel manufacturing. - Provides integrated workspace and entrepreneurial ecosystem to reduce operational and financial costs. 3. Production Linked Incentive (PLI) Scheme - Aims to promote production of MMF Apparel & Fabrics and Technical Textiles products. - Intended to make the textile industry globally competitive and a creator of employment opportunities. - Supports the creation of viable enterprises and a competitive textile industry. 4. PM Mega Integrated Textile Regions and Apparel (MITRAs) Parks Scheme - Aims to set up 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks. - Total outlay of Rs. 4,445 crore to develop world-class industrial infrastructure. - Intended to attract cutting-edge technology, boost FDI, and local investment in the textiles sector. 5. Amended Technology Up-gradation Scheme (ATUFS) - Focuses on technological up-gradation of textile industry machinery. - Aims to improve product quality and reduce manufacturing costs. - Provides credit-linked capital investment subsidy to promote investment, productivity, and export potential. These policies collectively aim to strengthen India's textile industry, boost employment, and enhance its competitiveness in the global market. To read or know more about the textile industry or our business journey feel free to visit our website. https://vatsalexports.com #TextileParkDevelopment #TextileInfrastructureBoost #TechnologyUpgradationScheme #MakeInIndiaTextiles #TextileIndustryGrowth #ExportBoostInitiative #EmploymentGeneration #GlobalCompetitiveness #VatsalExportsLLP #IndianTextileIndustry
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The Rise of India's Textile Industry** India has been a global leader in textile production for centuries, with its rich heritage of weaving and dyeing techniques. From ancient handlooms to modern industrial hubs, the textile industry has become one of the cornerstones of the Indian economy. Among the many cities contributing to this legacy, **Coimbatore** stands out as a key player. #### **Coimbatore: The Textile Powerhouse** Nicknamed the "Manchester of South India," Coimbatore has long been synonymous with textile production. Its strategic location, favorable climate, and access to cotton from nearby regions have made it a hub for weaving and spinning mills. The city boasts over 25,000 small, medium, and large-scale textile units, producing a wide range of fabrics, garments, and yarns. Coimbatore's textile industry dates back to the early 20th century when the first spinning mills were established. Over time, the city has evolved into a leader in innovation, introducing cutting-edge technologies and automated machinery into its production processes. Notable companies like Lakshmi Machine Works (LMW) and Precot Meridian have their roots in Coimbatore, manufacturing world-class textile machinery and products. #### **Sustainability in Textiles** In recent years, Coimbatore's textile industry has embraced sustainable practices to reduce environmental impact. Many mills have adopted eco-friendly technologies, such as waterless dyeing and energy-efficient equipment. Initiatives like organic cotton farming and waste recycling have also gained traction, further solidifying Coimbatore's position as a forward-thinking industrial hub. #### **The Role of Skilled Workforce** The success of Coimbatore's textile sector can also be attributed to its skilled workforce. The city is home to renowned educational institutions like the Southern India Textile Research Association (SITRA), which trains professionals in modern textile technologies. This ensures a steady flow of talent to meet the demands of the growing industry. #### **A Model for Growth** Coimbatore serves as a model for how traditional industries can adapt to modern challenges. Its combination of heritage, innovation, and sustainability has inspired other cities in India to follow suit. As the global demand for quality textiles continues to rise, Coimbatore remains at the forefront, contributing significantly to India's status as a textile superpower. --- This article highlights Coimbatore’s crucial role in the broader context of India’s textile industry. Let me know if you'd like a similar feature for another topic! #snsinstitutions #snsdesignthinkers #designthinking
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𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 Textile Sphere Back in 2018, during my engineering days, I felt a dire need for a platform dedicated to textile-related articles, information, student support, business info and much more. Without any tech knowledge, I learned from YouTube and created Textile Sphere website. We began posting on social media and publishing articles, posting videos, textile interviews hoping to inspire and guide students as well as provide valuable insights for industry professionals. Today, despite a long pause, Textile Sphere has organically grown to 1.8 million+ viewers from over 20 countries! 🚀 I am thrilled to announce the revival of activities aimed at advancing the Indian Textile Industry. I invite industry professionals and textile students to join this journey by registering on the below form: https://lnkd.in/gzBzccTG Let’s unite to elevate the Indian Textile Industry to new heights! Textile Sphere is present on almost all social media platforms. I'll share all the links in the comment section—follow and stay tuned for more updates! . . . . . #textileindustry #textilesphere #community #India
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The textiles industry in India is set for significant growth, with projections of reaching US$350 billion by 2030. This expansion is expected to generate between 4.5 to 6 crore jobs, laying the foundation for a robust employment sector. The government's 100-day achievements have been pivotal in establishing a strong base for these ambitious targets, contributing to the transformation of the textile sector and boosting its global standing. In line with this, the government has set a production target of 50,000 metric tonnes of silk, with a goal of generating 1 crore jobs by 2030. The cultivation of silk, especially through the Eri Sericulture Promotional Project, directly supports employment for farmers, and plans are in place to expand this initiative beyond Gujarat, benefiting castor farmers across the country. The PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park scheme is another major initiative, with a projected investment of Rs 70,000 crore, which will create around 21 lakh jobs. Bharat Tex, an essential platform, will attract foreign investments and help India achieve the 4S goals: style, scale, skill, and sustainability, enhancing the competitiveness of the textile sector on the global stage. Prime Minister Narendra Modi has continuously emphasized the role of design in the textile industry, recognizing the National Institute of Fashion Technology as a crucial element. VisioNxt, the country’s indigenous trend forecasting initiative, will help fulfill the fashion aspirations of the Indian populace by predicting and influencing future fashion trends. Furthermore, the technical textile sector holds enormous potential, with its application across various industries. The government has set an ambitious export target of US$10 billion for technical textiles by 2030. The handloom and handicraft sectors are also receiving attention, with 1 crore artisans connected to the initiative, and craft village projects being established in tourist locations across India to promote and preserve local crafts. Through comprehensive initiatives across infrastructure, technical textiles, research and development, startups, and the empowerment of artisans and weavers, the Ministry of Textiles is transforming the sector. By focusing on natural fibers such as silk and jute, the government is ensuring the sustainable development of the industry and strengthening its role in India’s economic growth. Bharatiya Janata Party (BJP)
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India’s textile sector is about to get a major style upgrade, and it’s not just about threads and fabrics. With the launch of India's Textile Policy 2024, the government is weaving together an ambitious plan to make the country a global textile powerhouse. We’re talking about 2 million jobs, 35% capital subsidies, and a target of reaching $350 billion in exports by 2030. But, as exciting as it sounds, this journey isn’t without its challenges. Let’s break it down. The textile industry has long been a cornerstone of India’s economy, but outdated processes, lack of tech adoption, and fluctuating global demand have stunted its growth. Now, with the new policy, things are set to change, IF we can keep up with the pace. Here are some key takeaways that businesses and professionals in the textile industry should keep an eye on: 1. Tech-Driven Manufacturing: The policy pushes for upgrading weaving and dyeing processes. Technical textiles are the future, and the government is offering up to 35% subsidies for companies making these capital investments. It’s time to get tech-savvy! 2. Sustainability: From eco-friendly materials to energy-efficient processes, the policy emphasizes green production methods. Brands that focus on sustainable innovation will not only thrive but will also lead the way in the global market. 3. Skilling for Growth: With 2 million jobs in the pipeline, there’s an urgent need for upskilling the workforce to handle advanced machinery and tech. Training programs are essential for staying relevant in this evolving industry. 4. Boosting Exports: India’s goal to hit $350 billion in exports by 2030 means increased focus on global competitiveness. Quality, consistency, and fast delivery times will be the key differentiators for Indian textiles on the global stage. 5. MSME Focus: The policy extends a lifeline to MSMEs, offering financial support and technical know-how to boost productivity. For smaller players, this could be the perfect chance to scale up and capture new markets. 6. Innovation Hubs: The creation of PM MITRA mega textile parks is a game-changer. These hubs will bring together innovation, R&D, and manufacturing under one roof, making India a one-stop shop for textile excellence. The road ahead might be bumpy, but with the right mix of tech, talent, and tenacity, India’s textile industry is on the brink of a renaissance. So, are you ready to ride the textile wave? #TextilePolicy2024 #MakeInIndia #SustainableFashion #TechInTextiles #MSME #IndianTextiles #TextileInnovation #GlobalExports
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3moInteresting view on the apparel industry ....