India Textile International Market Share Will Catch Up With China In The Future.

India

The value of $108 billion was created before. If the industry gets more support from the government, it is expected to exceed US $500 billion in 2025.

The research published by textile and polyester consulting firm Wazir Advisors and PCI Xylenes & Polyesters said that if India achieves this pcendence, it will create not only 3 million 500 thousand jobs but also 200 billion dollars of investment.

From the recent report of India economic times, we understand that Prashant Agarwal, general manager of Wazir Advisors consulting company, said: "at present, India

The total amount is US $68 billion, while the export market is US $40 billion.

The total market size of the future market will reach US $500 billion, and the domestic market and export market will be US $315 billion and US $185 billion respectively.

"We believe that India has great potential in the growth of textile industry and the value chain of clothing.

But the government of India should give more support to this industry, especially the textile value chain based on man-made fibers.

India's textile industry accounts for 5.2% of the world's trade volume, much lower than China's. But the global share of China in the future may be reduced to 5%, which will stimulate India's exports to 185 billion dollars.

India's textile industry needs to complete a major pformation in its mixed fiber. At present, cotton occupies 55%, while 50% of the world's fiber consumption is polyester fiber, and this situation will continue.

The India market is also consuming more artificial fibers, because the price of cotton products fluctuates greatly.

But in the next five years,

For example, India will consume more polyester fibers, which will increase the market size of polyester fiber to 1 million 500 thousand tons.

At the same time, world-renowned

More and more stores have been set up in India, and the women's wear market has also increased significantly. In some organized retail stores, there are more and more private brand clothing.

Wazir and PCI have decided to set up the "polyester textile Investment Promotion Center", prompting producers in India and overseas to understand industry information, find investment opportunities and form joint ventures.