India Needs Foreign Investment To Develop Downstream Garment Industry.

According to the new study, if India The textile and garment industry wants to shine on the global stage, and foreign investment will be an important factor.

Research Report: "India: the next 2013-2025 influential countries in the global textile industry" is co compiled by PIC Xylenes & Polyesters and management consulting firm Wazir Advisors Private, aiming to assess India in the future. Textile industry Development potential.

The study points out that in the past 5 years, the annual compound growth rate of domestic consumption of textiles and garments in India was 13%, reaching 60 billion US dollars, while the annual compound growth rate of textiles and clothing exports was 11%, reaching 34 billion US dollars.

India's textile and garment industry has always relied on it. cotton Even now, cotton accounts for 60% of the textiles and clothing market, and the global market share is 40%. However, according to research, this situation is changing rapidly.

"Manufacturers and brands are looking for alternatives to other fibers, mainly polyester fibers," the study points out.

However, the downstream end of India's textiles and garment industry has yet to be developed and needs foreign investment to fill the gap in the value chain.

The study estimates that there are about 30 enterprises with a turnover of more than 200 million dollars in India, and about 100 enterprises may become "stars of the future". These enterprises will attract foreign textile and garment enterprises to further joint venture.

Research shows that foreign investment will be one of the key factors for India to jump onto the global textile and apparel stage.