The Textile And Garment Industry In India Is Expected To Reach US $100 Billion In 2015.

India Textile Industry Federation (CITI) said,

Industry is indeed very important. By 2015, the textile and garment industry in India will reach 100 billion dollars.

The textile export market will reach US $43 billion, while the domestic market will reach US $57 billion.

In 2009, the output value of textile and garment industry was US $55 billion, of which the export market was US $22 billion 400 million and the domestic market was US $32 billion 600 million.

Although India's textile sector contributed nearly 4% of gross domestic product (GDP), accounting for 14% of the industrial output value, accounting for 16% of the country's export earnings, the textile industry has been under the pressure of the current economic downturn.

The report shows that at home and abroad

And cotton yarn prices fluctuate, leading to changes in inventory levels of textile and apparel companies.

It is believed that compared with the 2010-11 fiscal year, the net loss of textile and garment enterprises increased significantly in the 12 fiscal year.

In order to ease the difficulties of textile and garment enterprises, the central government of India has decided to increase the subsidy to the technology renewal fund scheme to 10 billion rupees in the next five years.

Earlier, the government instructed banks to restructure 350 billion loans from ailing textile companies.

The government discovered that India

It is difficult to repay short-term loans, while liquidity financing is difficult.

CITI, a India Textile Industry Federation, said that no country other than China could match its scale, scope, depth and competitiveness in terms of production capacity with India's textile and garment industry.

Therefore, it is now a good time for the government (central and local governments) to take measures to promote the development of the textile and garment industry.