The Indian textiles and apparel industry is one of the oldest industries, having evolved from being a domestic small-scale industry to one of the largest in the world with massive raw material and textiles manufacturing base. The Indian textile industry, currently at USD 127 billion, is poised to reach USD 300 billion by 2025. It is one of the major contributors to India’s exports with approximately 13% of the total exports worth USD 37 billion, thereby emerging as the 2nd largest employer in the country.
This report, published jointly by CII and Wazir Advisors provides an explicit account of the Indian Textiles and apparels sector. It is structured along the following lines:
India’s current positioning in Global Industry
Upcoming structural changes and emerging trends
Challenges faced by the Indian industry
Way forward for achieving high growth
The report was prepared at the backdrop of the 10th edition of TEXCON 2018, held from 13-14 December 2018 at New Delhi.