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Textile Industry and exports imports of Textile

India’s textiles sector plays important role in Indian economy. Today, textiles industry is one of the largest contributors to India’s exports. India is the world’s second largest producer of textiles and garments after China.  

Two types of textiles industry:

(1) handloom and handicrafts through traditional tools and methods.

(2)Apparel and garments segment which apply modern machinery and techniques such as economies of scale.

India's overall textile exports during FY 2015-16 stood at US$ 40 billion.India's export major markets such as UK, USA, China, Russia, South Korea and UAE. It is the world’s third largest producer of cotton—after China and the USA and the second largest cotton consumer after China. India provides a platform to connect and collaborate with global manufacturers, investors and buyers in the textiles sector. Cotton, silk, Yarns, and Fabrics from India are highly popular in abroad.

Indian manufacturers base of a wide range of fibres/yarns from natural fibres like cotton, jute, silk and wool to synthetic /man-made fibres like polyester, viscose, nylon and acrylic. India is the largest producer of Jute in the world and is the second largest producer of silk and cotton globally. In 2013, India became the second largest exporter of textile & garment in the world. India exported textile and garment goods worth US$ 40 billion, with a share of approx. 10% of global textile and garment trade.

Major Trade Category of Textile & Apparel Trade is Cotton textiles, Woven Apparels, handloom and handicrafts. The main markets for Indian textile and apparel exports are USA, China, UAE, UK and Bangladesh. Bangladesh is also one of the destinations where Indian textile exports have grown in last few years. The major manufacturers of textile machinery are Italy, Germany, Switzerland, France and now China. With the growing demand in the export market of textile products, India is the 2nd largest textile exporters over US$ 40 billion in 2015- 2016. India Exports market of Textiles & clothing products is USA, Germany, Japan, United Kingdom, China, France, Vietnam, Italy, Hong Kong, Spain.