Apparel Export Promotion Council ’s Post

Revitalising India’s Textile and Apparel Industry: A Comparative look at state policies. Insightful overview of the evolving textile policies across various states! It's inspiring to see how Maharashtra, Haryana, Uttar Pradesh, and Bihar are taking significant strides to boost the industry. These initiatives are crucial for maintaining India's competitive edge in the global market. #textileindustry #investment #statepolicies #economicgrowth #haryana #uttarpradesh #Bihar #maharashtra

Which state spins better growth by reeling the scheme benefits and attracting investments. Textile & Apparel industry is an integral part of India’s growth story. The presence of an entire manufacturing value chain from fibre to apparel and availability of raw material gives distinct advantage for both backward and forward integration. Most of the Indian states have come up with Textile & Apparel policies to give more thrust to this sector. As the Indian textile industry seems to be losing its major share on competitor countries like Bangladesh & Vietnam, these subsidies give a ray of hope to bring in more investments in the sector. We have taken four states which have exclusive Textile & apparel policies: 1)Maharashtra has come up with new policy and covers capital, power & CETP/Zld subsidies etc while Haryana offers full package of subsidies for MSME sector. 2)UP & Bihar have also covered most of the subsidies while Bihar has given more emphasis to weaving, knitting & garmenting units. 3)Haryana has covered 2 more sectors viz. textile machine manufacturing & textile recycling , which requires special thrust from govt. and investor side. It remains to be seen when other states like Gujarat, Rajasthan , Andhra Pradesh , Karnataka etc will come up with new textile policies and which state will be able to attract more investments and would suit investors requirements. #textileindustry #apparelindustry #textilepolicy #statepolicy

Uttar Pradesh: Rejuvenating the Domestic Textile Bastion The Uttar Pradesh(UP) government has announced a major investment of ₹10,000 crore to boost the state's textile industry through the PM Mitra Mega Textile Park in Malihabad, Lucknow. This investment will be used to set up new textile units and expand existing ones, fostering job creation and economic growth. As Bangladesh lurches through internal turmoil many textile brands have approached Yogi Adityanath govt expressing their desire to shift their utilities to UP. Major brands like Arvind Mills, Vardhman, Reliance Industries Ltd, and Ahuja Textile Mill have proposed to set up units at the park. The initiative aims to make Uttar Pradesh a key player in India's textile sector, potentially attracting global businesses and increasing exports. This aligns with the state's broader industrial development strategy and its push for sustainable economic development.  This investment can lead to several key outcomes: • Job Creation • Economic Growth • Skill Development • Infrastructure Development • Export Potential • Sustainability Initiatives • Biz promotion India aims to achieve $100 billion in textile exports over the next five years, focusing on expanding its share in the global textile market. This ambitious target aligns with the country's efforts to boost domestic manufacturing, generate employment, and attract foreign investment.  The Indian government is expected to implement several measures to support this growth, including Production-Linked Incentive (PLI) schemes, improving infrastructure, and promoting sustainability in the textile sector. #TextileSector  #UttarPradeshTextileHub

India aims to generate 4.5-6 crore jobs in the textile sector by 2030, expanding the market size from $165 billion to $350 billion, according to Textiles Minister Giriraj Singh. Speaking at a press conference in New Delhi, Singh highlighted a 100-day roadmap that includes attracting investments to create these jobs. He mentioned that the seven approved integrated mega textile parks will attract Rs 70,000 crore in investment and generate 21 lakh jobs once fully operational. The minister also noted the potential for silk cultivation, which currently supports around one crore people and could increase production to 50,000 tonnes in the long term. He dismissed concerns about competition from Vietnam and Bangladesh, stating that India’s textile industry faces no significant challenges from these countries. Singh emphasized the growth potential for technical textiles, setting an export target of $10 billion by 2030. He also mentioned that one crore artisans are engaged in the handloom and handicraft sectors, with various government initiatives aimed at boosting these areas. On September 20, Prime Minister Narendra Modi inaugurated a 1,000-acre integrated textile park in Amravati, Maharashtra, to make India a global hub for textile manufacturing and exports, attracting large-scale investments and promoting innovation and job creation. #news #breakingnews #textileindustry #india #indiantextileindustry #business

The state cabinet in India’s Andhra Pradesh (AP) recently approved the IT and Global Competitive Centres Policy 4.0; the AP Textile and Apparel Policy 4.0 2024-29; and the AP Maritime Policy. The policy related to apparel and textile is aimed at attracting investments worth ₹10,000 crore ($1.18 billion), besides creating 200,000 jobs in the next five years. Five textile parks under the public-private partnership (PPP) mode will be set up. READ FULL STORY : https://buff.ly/41EExTZ #apparelexport #textilesexport #textilenews #apparelnews Giriraj Singh Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council Department of Commerce

Bangladesh’s Textile Loss is Uttar Pradesh’s Gain! Who would have thought that political unrest in Bangladesh could lead to a massive opportunity for India's textile industry? With 700-1000 garment and textile units shutting down in Bangladesh, global brands are turning their attention towards Uttar Pradesh, and the timing couldn’t be better. U.P. is ready to capitalize with a new textile park on the Lucknow-Hardoi Road, spread over a whopping 1,162 acres, with investment proposals worth ₹10,000 crore from major players like Reliance, Arvind Mills, and Vardhman. That means 400 new units and 50,000 jobs on the horizon! So, what can we learn from this shift? - Adaptability is key: When one door closes, another opens. Companies need to be flexible and ready to pivot. - Government support matters: U.P. has laid the groundwork with infrastructure, from 24/7 power to worker hostels and zero liquid discharge plants. - Long-term vision wins: India is chasing a target of $100 billion in garment exports in the next 5 years. Investing in large-scale projects like this textile park shows a commitment to growth. As the third-largest textile producer in India, U.P. is leveraging its strengths in famous crafts like Banarasi sarees and Lucknow's Chikankari. Imagine the possibilities when traditional craftsmanship meets industrial scale production. This is a golden moment for U.P. to step into the global textile spotlight. Will they seize it? Only time will tell, but the future looks bright. #TextileIndustry #MakeInIndia #UttarPradesh #Manufacturing #GarmentExports #JobCreation #SustainableGrowth #InnovationInTextiles

"The Bihar government's goal is to build a strong textile sector that benefits the state's economy, creates jobs, and promotes sustainable development. The textile industry has a huge potential to create employment opportunities in the country after agriculture," he said. "Women form 70 per cent of the workforce in the sector. Bihar has a huge potential as there are 1.5 crore 'Jeevika Didis' who are associated with self-help groups. These 'Jeevika Didis' will become the growth engine for development once they are associated with the textile industry," he added. READ FULL STORY : https://buff.ly/3W4DWGo -------------------------------------------------------------- Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council  Sudhir Sekhri Mithileshwar Thakur #apparelexport #textilesexport #textilenews #apparelnews

Textile Update (15/10/2024) * The IMF has urged Pakistan to remove preferential treatment for its agriculture and textile sectors to boost economic growth. * Gujarat's new textile policy has led to Surat factory owners preferring Maharashtra's Navapur for setting up factories. * Indo Count Industries' stock surged after acquiring US-based Modern Home Textiles. * Cambodia's textile exports grew 24% in Jan-Sept, defying global trends. * Inditex, Zara's owner, launched a $54.63 million fund for textile innovation. * Cotton yarn prices in north India remained stable due to slow demand. * Flora Textiles' stock hit an all-time high, outperforming the sector. * Morarjee Textiles hit a 52-week low and received a 'Strong Sell' rating.

Textile update 09/12/2024 * The Indian textile sector is expected to attract significant investments. * Bihar government plans to transform the state into a textile hub. * CONVERGE'24, an event organized by INVIYA® (INDORAMA), celebrated innovation and collaboration in textiles. * Several textile companies are appointing top professionals as CXOs. * Bharat Tex 2025 aims to strengthen UK-India textile relations. * The Union Minister promised support to the textile sector in Guntur, including subsidies and park revitalization. * Akshar Spintex, a microcap textile company, hit a 52-week low and received a "Strong Sell" rating. * Aditya Birla Fashion and GIZ India launched circularity guidelines for the Indian textile industry. * Odisha state approved investment projects worth $16.08 billion, including in the apparel & textiles sector. For any content writing in articles and magazines content: [email protected] #textile #textileindia #textileindustry #fashion #fashionindustry

Gujarat is not just the ‘Textile State of India’—it’s setting new benchmarks globally! 🌏 Dive into our latest report to explore how #Gujarat leads in cotton, denim, and technical textiles, contributing 28% of India’s cotton and 60% of its cotton fiber exports. This report uncovers the state’s integrated ecosystem and strategic policy incentives that make Gujarat a powerhouse in the textile industry. 🌿💼 From the Mega Textile Park in Navsari to innovative products like Patola sarees and Tangaliya shawls, discover how Gujarat is shaping the future of textiles. Click on the link below to check out the full report  https://lnkd.in/d9tqQp3D Or contact the MARC team to read the full report: 📞9359628675 📧[email protected] Ministry Of Textiles Invest India Make In India Vibrant Gujarat EPCH India TEXPROCIL - The Cotton Textiles Export Promotion Council The Clothing Manufacturers Association Of India (CMAI) #TextileIndustry #GujaratTextiles #MARCInsights #SustainableGrowth #InnovationInTextiles #MARC #Gujrat