13 May 2022, Mumbai:
India is the highest growing economy today on the world’s map. With abundant raw material availability & stable government, strong industrial growth is forecasted in near future. Textile is one of the most ancient industries.
Today, the textile sector is one of the largest contributors to India’s exports with approximately 11 percent of total exports.
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The Indian textiles industry, currently estimated at around US$ 108 billion, is expected to reach US$ 223 billion by 2021. The industry is the second largest employer after agriculture, providing employment to over 45 million people directly and 60 million people indirectly.
The Indian textiles industry is extremely varied, with the hand-spun and handwoven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills' sector at the other end of the spectrum.
The decentralized power looms/ hosiery and knitting sector forms the largest component of the textiles sector. The close linkage of the textile industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles make the Indian textiles sector unique in comparison to the industries of other countries.
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The Indian textile industry has the capacity to produce a wide variety of products suitable to different market segments, both within India and across the world.
The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand.
The organised apparel segment is expected to grow at a Compound Annual Growth Rate (CAGR) of more than 13 percent over a 10-year period.
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In this perspective Indian Chamber of Commerce is organizing India TexFab from 21st to 24th June 2022 virtually; supported by the Department of Commerce, Ministry of Commerce & Industry, Government of India.
Exhibits:
Textiles, Handlooms, Hosiery, Clothing, Apparels - Readymade Women's, Men's, Kids clothing; Denim, Knitted Clothes & Fabrics, Woolen Garments, Shawls & Scarves, Stoles, Textile Accessories, Yarn, Leather products, Home Textiles, Textiles machinery and many more.
Focus Countries:
China, Japan, South Korea, Mongolia, Hong Kong and others
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