The domestic apparel & textile industry in India contributes 2% to the country’s GDP, 7% of industry output in value terms, The share of textile, apparel and handicrafts in India’s total exports was 11.4% in 2020-21. India holds 4% share of the global trade in textiles and apparel. India is the 6th largest exporter of textiles and apparel in the world.
India is one of the largest producers of cotton and jute in the world. India is also the 2nd largest producer of silk in the world and 95% of the world’s hand-woven fabric comes from India. The Indian technical textiles segment is estimated at $16 bn, approximately 6% of the global market.
The textiles and apparel industry in India is the 2nd largest employer in the country providing direct employment to 45 million people and 100 million people in allied industries.
India has also become the second-largest manufacturer of PPE in the world. More than 600 companies in India are certified to produce PPEs today, whose global market worth is expected to be over $92.5 bn by 2025, up from $52.7 bn in 2019.
FDI in the textiles and apparel industry in India has reached up to $3.9 bn till December 2021
India’s exports of textiles and apparel are expected to reach $100 bn in the next 5 years, growing at a CAGR of 11%
To double the Indian textile and apparel industry size to $190 bn by 2025-26, 7 mega textile parks have been planned
The Indian technical textiles market was estimated at $17.6 bn in 2020-21 and grew at a CAGR of 10% since 2015-16
The domestic technical textile market for synthetic polymer was valued at $7.1 bn in 2020 and is projected to reach $11.6 bn by 2027, growing at a CAGR of 7.2%, while the technical textile market for wovens is expected to grow at a CAGR of 7.4% to $15.7 bn by 2027, up from $9.5 bn in 2020
India has a share of 5% of the global trade in textiles and apparel
The export of cotton Textiles was US$ 17.2 Bn with 39% share registering a growth of 54% and 67% during 2021-22 over FY 2020-21 and FY 2019-20, respectively.
Textiles and garments industry is expected to reach $190 bn by 2025-26 from $103.4 bn in 2020-21.
The textiles and apparel industry in India has strengths across the entire value chain from fiber, yarn, fabric to apparel. The Indian textile and apparel industry is highly diversified with a wide range of segments ranging from products of traditional handloom, handicrafts, wool, and silk products to the organized textile industry in India. The organized textile industry in India is characterized by the use of capital-intensive technology for the mass production of textile products and includes spinning, weaving, processing, and apparel manufacturing.
The domestic textiles and apparel industry stood at $150.5 bn in 2019-20.
Cotton plays a major role in sustaining the livelihood of an estimated 5.8 mn cotton farmers and 40- 50 mn people engaged in related activities such as cotton processing and trade
India registered $ 41 bn in textile exports in CY 2021, with a CAGR (2.7) marginally higher than the global average
The domestic industry is highly dependent upon Imports of apparel grade wool. This makes the domestic Industry dependent on imports. India is importing raw wool from many countries. The top four import markets are Australia, New Zealand, China and Turkey
The highest contributors to FDI in the Textile sector of India (including dyed, printed) from April 2016 to March 2021 are Japan, Mauritius, Italy, and Belgium. India scaled its highest ever exports tally at $ 44.4 Bn in Textiles and Apparel (T&A) including Handicrafts in FY 2021-22, indicating a substantial increase of 41% and 26% over corresponding figures in FY 2020-21 and FY 2019-20, respectively.
Cotton production supports 5.8 mn farmers and 40-50 million people in allied sectors.
Further, the domestic consumption of $75 bn was divided into apparel at $55 bn, technical textiles at $15 bn and home furnishings at $5 bn. While exports comprised of apparel exports at $12 bn; home textiles exports at $4.8 bn; fabric exports at $4 bn; yarn exports at $3.8 bn; fiber exports at $1.8 bn and others at $2 bn.
USA was the top export destination accounting for 27% share, followed by EU (18%), Bangladesh (12%) and UAE (6%).
Exports of RMG of all Textiles values at USD 1415.25 mn in May 2022 and records positive growth vis-à-vis May 2021 of 27.85%.
Exports of Man-made Yarn/Fabs./made-ups etc. values at USD 422.61 mn in May 2022 and records positive growth vis-à-vis May 2021 of 2.82%.
Exports of Jute Mfg. including Floor Covering values at USD 42.94 mn in May 2022 and records positive growth vis-à-vis May 2021 of 21.37%.
A total of 1,77,825 Weavers and Artisans are registered on Government-e-Marketplace (GeM).