Textiles

Market Size

  • India earns about 27% of its total foreign exchange through textile exports
  • The textile industry contributes nearly 14% of the total industrial production of the country.
  • Fabric production rose to 60,996 million sq. meters in FY 2011 from 52,665 million sq. meters in FY 2007
  • Production of raw cotton grew to 32.5 million bales in FY11 from 28 million bales in FY07, while production of man-made fibre rose to 1,281 million kgs in FY11 from 1,139 million kgs in FY07
  • Production of yarn grew to 6,233 million kgs in FY11 from 5,183 million kgs in FY07
  • India has the potential to increase its textile and apparel share in the world trade from the current level of 4.5% to 8% and reach $80 billion by 2020
  • Exports of textile grew to $26.8billion FY10 from $17.6 billion in FY06
  • India's textile trade is dominated by exports with a CAGR of 6.3% during the same period