Indian Textile Industry

India has abundant raw materials when it comes to textiles. It is the largest producer of cotton, silk jute and textile raw materials like PSF, VSF and PFY. So it is natural that India is also the largest producer of textiles and garments. The textile industry has two broad segments, namely handloom, handicrafts, sericulture, power looms in the unorganised sector and spinning, apparel, garmenting, ready-mades in the organised sector. Indian textile industry is expected to reach a market size of USD 223 billion by 2021. It is also the largest employer after agriculture providing direct employment of 45 million, a major contributor of foreign exchange. The government of India also takes several initiative like allowing 100% FDI, Technical Up-gradation Fund Scheme (TUFS), technical support Read More

India silk production to reach 34000 tonnes by 2020

India's silk production which is slated at 28000 metric tonnes is growing at an annual growth rate of 19% and is expected to reach self sufficiency by the year 2020. Currently, China is the global largest produce of silk which has a lion's market share of 80%. India's share is estimated at 13% with remaining 7 % is served by other countries. However, China only produces mulberry variety of silk, while India produces other varieties, including Tasar and Muga. Indian imports have come down from 6500 mt to 3500 mt over the last few years. Overall India is expected to reach production of 34000 metric tonnes by 2020. Read More

TN to develop textile park in Irur

Tamil Nadu government is planning to set up a textile park in Irur near Coimbatore in Tamil Nadu. The project will be developed by state Industrial promotion organization SIPCOT. The proposal of the textile park has attracted a large number of entrepreneurs with as many as 31 of them from different parts of the state expressing interest to set up units. The textile park will mainly cater to the needs of export-oriented readymade garments units and production of yarn. TNWSB has planned to provide adequate water supply to the site, where the park will be situated on an area of 40.35 hectares. There were also a sanction of Rs. 6.5 million for a tar road connecting the site to national highway. Read More