Tajesh Ghosh’s Post

#INDIA #TEXTILE #SECTOR TO GROW AT 11% TO GENERATE #3LAKH #EMPLOYMENTS India’s textiles sector is expected to grow to $350 billion by 2030 and over Rs #90000 #crore of investment is expected to flow through PM Mega Integrated Textile Region and Apparel (PM MITRA) Park and Production Linked Incentive (PLI) scheme in the next 3-5 years. “India’s textiles sector is set for significant expansion, with an 11% year-on-year growth in readymade garments of all textiles exports" Seven PM Mitra parks are sanctioned across the country and each park is expected to attract an investment of Rs 10,000 crore. They are expected to generate nearly 1 lakh direct employment and 2 lakh indirect employment. Read more at: https://lnkd.in/d8hpG7wB

India’s textiles sector is poised for growth to $350 billion by 2030, driven by Rs 90,000 crore in investment through PM MITRA Park and PLI scheme. Seven PM Mitra parks are set to attract Rs 10,000 crore each and create significant employment, while the PLI scheme aims to bolster manmade fibre apparel and technical textiles production. India’s textiles sector is expected to grow to $350 billion by 2030 and over Rs 90,000 crore of investment is expected to flow through PM Mega Integrated Textile Region and Apparel (PM MITRA) Park and Production Linked Incentive (PLI) scheme in the next 3-5 years, textiles ministry said Thursday. Read more at: https://lnkd.in/gM-yvR2m

The Indian textile industry is one of the oldest and largest in the country, playing a significant role in the economy. It's a major employment generator, with over 35 million people directly employed in the sector . The industry contributes 2.3% to India's GDP, 13% to industrial production, and 12% to exports. Key Statistics: - Market Size: The Indian textile and apparel market is projected to grow at a 10% CAGR to reach $350 billion by 2030. - Exports: India is the world's second-largest exporter of textiles and clothing, with exports expected to reach $100 billion. - Production: India is the largest producer of cotton and jute, and the second-largest producer of silk. Segments of the Industry: - Hand-spun and Hand-woven Textiles: A significant sector with a rich cultural heritage. - Decentralized Power Looms/Hosiery and Knitting:The largest component of the textiles sector. - Capital-Intensive Sophisticated Mills: Produces a wide range of fiber/yarns. Government Initiatives: - Scheme for Integrated Textile Parks (SITP): Encourages private equity investments. - Technology Upgradation Fund Scheme (TUFS):Supports textile manufacturing. - Mega Integrated Textile Region and Apparel (MITRA) Park Scheme:Promotes textile parks . Overall, the Indian textile industry is poised for growth, driven by government initiatives, increasing demand, and a strong production base. what are your thoughts 💭 Retail Brew #Retail #Textile #fabric #Manufacturing Textiles

𝗜𝗻𝗱𝗶𝗮𝗻 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗧𝗲𝘅𝘁𝗶𝗹𝗲 𝗵𝗮𝘀 𝗰𝗿𝗲𝗮𝘁𝗲𝗱 𝗮 𝗽𝗹𝗮𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘁𝗲𝘅𝘁𝗶𝗹𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝘁𝗼 𝗯𝗲 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟯𝟱𝟬 𝗯𝗻. • The Indian Ministry of Textile has a roadmap for the textile industry to grow to $350 bn by FY2030. • The textile industry is valued at $164 bn now and will create 60 million jobs in the future. 𝗧𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝗺𝗮𝗻-𝗺𝗮𝗱𝗲 𝗳𝗮𝗯𝗿𝗶𝗰, 𝘁𝗵𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗳𝗮𝗿𝗺𝗲𝗿𝘀 𝗮𝗻𝗱 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁. • The textile industry needs man-made synthetic, viscose, or natural fibre fabric. • The cultivation of silk is linked to the employment generation of farmers. • Mega Integrated Textile Region and Apparel (MITRA) parks is being developed with a 5F vision (i.e. Farm to Fibre to Factory to Fashion to Foreign) and with an investment of ₹700 bn. Filatex India Ltd. CMP.: ₹ 62 (Closing of 27-09-2024) Market cap.: ₹ 27 bn Siyaram Silk Mills Ltd. CMP.: ₹ 478 (Closing of 27-09-2024) Market cap.: ₹ 21 bn Rishabh Kale Sir

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme. #wovenandknit

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme. #wovenandknit

Textile Update (17-10-2024) * India has launched a new textile policy aimed at boosting growth and employment in the sector. * The Gujarat state government has also unveiled its own Textile Policy 2024, with a focus on garments, made-ups, technical textiles, and sustainability. * The central government has extended the "Samarth" skilling program for the textile sector until March 2026. * Meanwhile, US textile exports have declined in the first eight months of the year. * India's overall trade deficit has narrowed to a five-month low, partly due to a surge in textile exports. * The Ministry of Textiles is conducting a "Special Campaign 4.0" to improve efficiency and free up space.

“Textile Sector to Boom Soon” India's textile sector is growing fast, with exports of readymade garments increasing by 11% compared to last year in August. What has the GOI planned? Recently, the ministry of textile industry has announced that they are investing 90,000 Cr in PM MITRA Parks & PLI scheme and estimate a growth of the textile industry to $350 by 2030. The government is setting up a 7 PM MITRA Parks investing 10,000 Cr in each in the next 3–5 years and expecting to generate 1 lakh direct employment and 2 lakh indirect employment. How can it affect the textile sector? The PLI Scheme aims to boost the textile industry with an investment of over ₹28,000 crore and an expected turnover of over ₹2 lakh crore. It is also set to create nearly 2.5 lakh jobs, focusing on producing manmade fiber (MMF) apparel, fabrics, and technical textile products to help the industry grow bigger and stronger. “This investment will give a better experience to the textile industry, helping to increase exports and foreign direct investment.”

$350 billion by 2030 – India's textile sector is gearing up for a big leap! India's textile industry is not just fabric and stitching; it's a powerhouse that's set to grow to USD 350 billion by 2030. That’s a whole lot of threads coming together! But how do we get there? Here’s what’s driving this boom and what we can learn: 1. 11% growth in RMG exports: Ready-Made Garments are on fire, with 11% year-on-year growth as of August 2024. It's a clear sign that India’s garment game is only getting stronger. 2. PM MITRA Parks: Think world-class infrastructure meets textile innovation. These parks are not only attracting Rs. 90,000 crore in investment but also creating 1 lakh direct jobs – a win-win for both business and employment. 3. The PLI Scheme: Supporting MMF (Man Made Fibers), this scheme expects over Rs. 28,000 crore in investment, paving the way for a greener, more innovative textile future. 4. Technical textiles are the future: From agro textiles to medical fabrics, India's National Technical Textiles Mission is pushing startups to innovate in areas we never thought possible. 5. State support is key: With central policies in place, many states are stepping up with their own incentives, turning India into a global textile manufacturing hub. So, what’s the takeaway? India’s textile sector is weaving together innovation, investment, and infrastructure. But the real challenge lies in making it sustainable, scalable, and inclusive. The future is bright, and it’s time to stitch new success stories. #Textiles #IndiaGrowthStory #SustainableFashion #ExportBoom #Innovation #PMMITRAPark #PLIScheme #TechnicalTextiles #JobCreation #RMG

Is your textile business ready to seize the opportunities of tomorrow, or are you still competing with yesterday’s strategies? The recently announced Gujarat Textile Policy 2024 is set to transform the landscape for textile units, particularly SMEs, providing them with new opportunities for growth and expansion. With Gujarat already being the textile hub of India, this policy introduces a range of incentives that can help businesses enhance their competitiveness while promoting sustainable practices. Key Highlights of the Policy: 1. Capital Subsidies: The policy offers capital subsidies for textile units looking to modernize their machinery and infrastructure, encouraging the adoption of advanced technologies. 2. Energy Efficiency Incentives: With a focus on sustainability, the policy includes incentives for energy-efficient technologies, helping textile units reduce operational costs and improve profitability. 3. Employment Generation Support: Companies that focus on local job creation will receive government-backed financial support, which is a major boost for SMEs looking to scale. 4. Focus on Innovation: Special incentives are available for companies investing in research and development, especially in technical textiles and new-age fabrics. 5. Incentives for Export: Textile units focused on expanding their global reach will benefit from export-related incentives, enhancing Gujarat’s position in international markets. How Can Textile Units Benefit? This policy creates a fertile ground for SMEs to strengthen their operations through process automation, cost reduction, and innovation. Whether you are planning to expand capacity or streamline existing processes, the Gujarat Textile Policy 2024 provides the much-needed financial and technical support to drive your business forward. Are you a textile company looking to expand or streamline your processes? Let’s connect and explore how you can leverage the Gujarat Textile Policy to achieve your goals! #TextileIndustry #GujaratTextilePolicy #SMEGrowth #TextileInnovation #Leadership #ProcessImprovement #SalesGrowth #ChangeManagement #BusinessConsulting #KrunalShah