NSE-listed textile and apparel companies positioned to benefit from the government's PLI scheme, PM MITRA Parks, and India's push to become a USD 250 billion textile manufacturing hub by 2030.
Sectors represented: Services, Textiles
Engineering goods. experienced a significant increase, and electronic. goods saw solid growth. Textiles (excluding readymade. garments) and readymade garments were also strong. Specifically, in 2022-23, several sectors demonstrated. significant growth in their export performance. w solid growth. Textiles (excluding readymade. garments) and readymade garments were also strong.
RoSCTL (Scheme for Rebate of State and Central. Taxes and Levies on Export of Garments and Made-. ups). both RoDTEP (Remission. of Duties or Taxes on Export Products Scheme) and. RoSCTL (Scheme for Rebate of State and Central. Taxes and Levies on Export of Garments and Made-. ups). Additionally, a corpus of ` 9,000 crore have been. allocated to revamp credit guarantee schemes, aiming.
The fundamental strength of the textile industry in India is its strong production. base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool to synthetic/man-made fibres like. polyester, viscose, nylon and acrylic. The textiles and apparel industry contribute 2.3% to the country’s GDP, 13% to. industrial production and 12% to exports.
Scheme and the Advance Authorisation Scheme that are focused on strengthening and increasing the production of. textile and apparel products in the country. as the Amended Technology Upgradation Fund. Scheme and the Advance Authorisation Scheme that are focused on strengthening and increasing the production of. textile and apparel products in the country.
OPPORTUNITY. - Low per-capita domestic consumption of textile indicating significant potential growth. - The Domestic market is extremely sensitive to fashion fads and this has resulted in the development of a responsive. garment industry, catering to paying and aspirational customers.
Corporate overviewStatutory reportsFinancial statements. Imports. Overall imports of textiles and apparel remained steady during the April to October period in FY25, reaching $5,425 million. 35 17. 123. Corporate overviewStatutory reportsFinancial statements. Imports. Overall imports of textiles and apparel remained steady during the April to October period in FY25, reaching $5,425 million. 35.
Indian economy is propelled by growth in priority sectors and driven by favourable megatrends, India’s. manufacturing sector has opened itself into new geographies and segments. Indian economy is propelled by growth in priority sectors and driven by favourable megatrends, India’s. manufacturing sector has opened itself into new geographies and segments. Building on the competitive.
India’s per capita disposable income: Was projected to reach. ₹2.14 Lakh in 2023-24. mmerce is driving growth in the textile industry by. increasing online sales and broadening market reach. India’s per capita disposable income: Was projected to reach. ₹2.14 Lakh in 2023-24. This increase in disposable income is a key. growth driver for the textile industry, as higher income levels boost.
The textile sector benefits from liberalized Foreign Direct Investment (FDI) policies that. encourage capital inflows and technology transfers. olving industry requirements. C. Investment Promotion:. The textile sector benefits from liberalized Foreign Direct Investment (FDI) policies that. encourage capital inflows and technology transfers. The PLI scheme further incentivizes new.
Women's apparel is. expected to be the largest segment, with. a projected market volume of USD 0.94. Trillion in 2024 and the United States. is expected to lead in global revenue. generation with an estimated USD 359 rel is. expected to be the largest segment, with. a projected market volume of USD 0.94. Trillion in 2024 and the United States. is expected to lead in global revenue.
It is valued at USD. 1250083.65 million in 2023 and is expected to expand at a CAGR of. 3.98% during the forecast period, reaching USD 1579729.67 million. by 2031.The growth witnessed in the historical period can be ascribed. to factors such as the expansion of the global population, heightened. demand for man-made fibers, government initiatives supporting the.
India faces the challenge of fully. bridging the yield gap to capitalise on. its vast cotton cultivation area. With projections from the agriculture. ministry estimating a cotton output of. 31.6 million bales for 2023-24, India e of fully. bridging the yield gap to capitalise on. its vast cotton cultivation area. With projections from the agriculture. ministry estimating a cotton output of.
Figure 20: Global Fabric Trade (Value: US$ Bn.). Source: UN Comtrade & Wazir Analysis. In 2022, India's exports of fabric were valued at US$ 4.8 92.4. 110.4. 112.5. 112. 2010201720192021. KnittedWovenTotal. Figure 20: Global Fabric Trade (Value: US$ Bn.). Source: UN Comtrade & Wazir Analysis. In 2022, India's exports of fabric were valued at US$ 4.8.
Going ahead, the. industry is expected to grow by around 3-4 percent driven by increasing demand from the apparel industry, newer trends. in fast fashion segment coupled with the growth of e-commerce platforms. However, the industry may face challenges due. to ongoing tariff situation. India is the second largest producer of cotton globally, which provides a significant competitive advantage.
The aim of the Government was to take the. Textile Industry to new heights. the PLI scheme, launch of mega. textile parks to signing of FTA’s and MoU’s with many. countries. The aim of the Government was to take the. Textile Industry to new heights. The above steps have. long term vision for the benefits of the Textile Industry. Over and above cotton, efforts were also made to enable.
Out of this, Rs.133.83 crore (US$ 17.5 million) is for the Textile Cluster. Development Scheme, Rs. 100 crore (US$ 13.07 million) for the National Technical Textiles. Mission, and Rs. S$ 1.62 billion). Out of this, Rs.133.83 crore (US$ 17.5 million) is for the Textile Cluster. Development Scheme, Rs. 100 crore (US$ 13.07 million) for the National Technical Textiles. Mission, and Rs.