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Textiles & Apparel

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. 

  • India is set to achieve US$ 250 billion textiles production and US$100 billion exports by 2030. 

  • The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms.

  • India holds 4% share of the global trade in textiles and apparel. The share of Textiles and apparel in overall export basket of India was 10.33% during 2021-22.

  • The production of Eri and Muga silks, increased by 6% and 6.7% respectively during 2021-22.

  • India is the 5th largest producer of technical textiles in the whole world with a market size of nearly US$ 22 billion, which will be up to US$ 300 billion by 2047.

  • India’s Textiles Exports were highest ever in FY 2021-22, crossing US$ 44 billion

  • India is a largest cotton producer (23%) in the world and has the highest area under cotton cultivation (39% of world area). Cotton plays a major role in sustaining the livelihood of an estimated 6.5 million cotton farmers.

  • India produced 94 Lakh bales of raw jute in FY 2022-23 as per the 3rd Advance Estimate of Directorate of Economics and Statistics (DES).

  • The Indian textile and apparel market size is estimated around US$165 billion in 2022, with domestic market constituting US$1 25 billion and exports contributing US$ 40 billion.

  • The market size of the industry is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030.