India Government Strongly Supports Textile Exports

The government of India also strongly supported the garment industry. From 2009 to 2014, the government set up a budget to promote a number of policies to promote textile exports and allow foreign businessmen.

Textiles in India.

These policies and measures have pushed the textile industry to the fastest growing stage in 60 years, with an annual 8%-9% growth rate of about a year.

Over the past five years, India's textile industry has experienced a small investment peak, including dyeing and printing industries attracting foreign direct investment amounting to 642 million to 81 million 800 thousand rupees (equivalent to about $1 billion 30 million).

At present, the government of India is actively visiting Japan, Germany, Italy and France to attract foreign investment in the textile industry.

In the Twelfth Five Year Plan of India (2012 to 2017), the federal government budgeted 9 billion 100 million dollars in the textile industry, two times more than the previous five year plan (eleventh five years).

$4 billion).

With the growing urbanization and the growth of young people,

Only 32% of the population live in urban areas, while the remaining 68% live in rural areas.

However, in the next 20 years, the urban population will increase by three hundred million more. These people will change the habit of buying clothes because of a new way of life.

With the growth of India's economy, the consumption behavior of urban residents is changing. The demand for clothing begins to diversify with different situations.

India is in the period of rapid economic growth and rapid urbanization. The textile and clothing market has produced a large number of consumers with high consumption ability and paying attention to the trend of fashion.

Therefore, whether India's local businesses or international players have great expectations for this highly developed and rapidly changing clothing and apparel market.

In addition, with the growth of the main buyers of industrial textiles such as the global army, railways, hospitals and government hospitals, the textile industry in India has applied textile technology to packaging materials industry, agriculture, overheating protection, and blood absorbing materials, safety belts, tapes and consumer products.

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A comprehensive survey of India's textile and garment industry can be divided into yarn and fiber (including natural and man-made), processing fabrics (including wool, silk, jute textiles, cotton textiles and technical textiles), ReadymadeGarments (RMGs) and clothing.

As the second largest fiber producer in the world, India, the main production type is cotton, and produces all kinds of fabrics with up to 23 different varieties of cotton. Others include silk, linen, wool and man-made fibers. The multi production makes India's fiber products occupy an important position in the world. With abundant labor force, it also makes the locals the world's purchasing center. It is estimated that the market of textiles and garments in India will reach 221 billion US dollars in 2020.

In recent years, the most significant change in India's textile industry is the emergence of MMF. India has successfully sold innovative man-made fiber textiles to the world. In 2013, the annual output of man-made fibres and cotton yarn in India increased by 6%, the annual output of non cotton yarn increased by 5%, and the annual output of the clothing and accessories industry increased by 2%.

Under the official support of India and the India Garment Export Promotion Council (AEPC), from 2014 to 2016, the export of garments in India is expected to reach US $60 billion.

In fact, India is the third largest cotton producer in the world after Mainland China and the United States. It is also the largest jute producing country and the second largest producer of raw silk in the world.

India's textile related products, including Handlooms, account for 61% of the world's total output.

Textile exports accounted for 30% of India's total exports in 2013 and 27% of total foreign exchange through textile exports. It is estimated that this year (2015) will have a target of 220 billion US dollars.

Therefore, the growth and development of this industry directly affect the economic lifeline of India.

In India, the demand for clothing has increased due to economic growth and rising people's income. At present, the government has allowed foreign direct investment in the textile industry one hundred percent. From April 2000 to February 2013, foreign direct investment (FDI) amounted to US $1 billion 220 million. The global apparel factories including HugoBoss, LizClaiborne, Diesel and Kanz have all set up factories in India.

The global retail apparel giant has outsourced production to India, and the industry has also increased its value chain. In the next ten years, Africa and Latin America will be the main market for India textiles.