nhà cái w88

Textile Industry & Market Growth in India

India is the second-largest producer of MMF Fibre and the third largest exporter of textiles and apparel in the world.

Advantage India

Robust
Demand

* Cotton production in India is projected to reach 7.2 million tonnes by 2030, driven by increasing demand from consumers.

* India’s textile and apparel exports (including handicrafts) stood at US$ 44.4 billion in FY22, a 41% increase YoY.

* Mr. Piyush Goyal discussed the roadmap to achieve the target of US$ 250 billion in textiles production and US$ 100 billion in exports by 2030.

nhà cái w88Liên kết đăng nhập

Competitive
Advantage

* India enjoys a comparative advantage in terms of skilled manpower and in cost of production, relative to major textile producers.

* In June 2022, Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution, Mr. Piyush Goyal, stated that the Indian government wants to establish 75 textile hubs in the country.

nhà cái w88Liên kết đăng nhập

Policy
support

* 100% FDI (automatic route) is allowed in textiles.

* Production-linked Incentive (PLI) Scheme worth Rs. 10,683 crore (US$ 1.44 billion) for manmade fibre and technical textiles over a five-year period.

* The Indian government has notified uniform goods and services tax rate at 12% on man-made fabrics (MMF), MMF yarns and apparel, which came into effect from January 1, 2022.

* 1,83,844 beneficiaries trained across 1,880 centres under Samarth.

nhà cái w88Liên kết đăng nhập

Increasing
Investments

* In June 2023, Government approved R&D projects worth US$ 7.4 million (Rs. 61.09 crore) in textile sector

* Huge funds in schemes such as Rs. 900 crore (US$ 109.99 million) for Amended Technology Upgradation Fund Scheme (ATUFS) have been released by the Government in the union budget of 2023-24 to encourage more private equity investments and provide employment.

* Total FDI inflows in the textiles sector stood at US$ 4.34 billion between April 2000-September 2023.

nhà cái w88Liên kết đăng nhập
Last updated: Feb, 2024

Major Textiles hubs in India  

  • NCR
  • Gujarat
  • Maharashtra
  • Uttar Pradesh
  • West Bengal
  • Tamil Nadu
  • Madhya Pradesh
  • Rajasthan

Industry Contacts

Posters

MORE
nhà cái w88Liên kết đăng nhập

THE COTTON KING

India is the largest producer of the cotton in the world.

IBEF Campaigns

MORE
nhà cái w88Liên kết đăng nhập

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...
nhà cái w88Liên kết đăng nhập

India Organic Biofach 2022

alca-services.comanic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

India's White Revolution

nhà cái w88Liên kết đăng nhập
The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...

The Growth of Ayurveda in India

nhà cái w88Liên kết đăng nhập
Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...

The Success of Digital India

nhà cái w88Liên kết đăng nhập
India's digital ecosystem has undergone an enormous change in recent years. The progressive integration of government services into digital platfo...

IBEF BLOG

MORE
nhà cái w88Liên kết đăng nhập
20 Mar 2024

Introduction to Digital Payments- Unified Payments Interface (UPI) and RuPay credit cards in India

India's digital payment ecosystem has undergone a remarkable transforma...
nhà cái w88Liên kết đăng nhập
19 Mar 2024

The Rise of Health Tech Startups: Bridging Gaps in Indian Healthcare

The healthcare industry in India has emerged as an important contributor to...
nhà cái w88Liên kết đăng nhập
6 Mar 2024

Mission Net-Zero: A Strategic Plan for the Indian Chemical Sector

In recent years, the pursuit of net-zero emissions has garnered substantial...
Partners
Loading...
Đường link w88 tải 68 game bài 68 game bài đổi thưởng tải app 8xbet Đăng nhập qh88