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India is the world's second largest producer of textiles and garments and the world's third biggest producer of cotton after China and the USA. The Indian market is the biggest in terms of consumption of Cotton, after China.

One of the earliest and the greatest textile industries in the world, the Indian textile industry is currently estimated at US$150 Billion as of December 2018 and is anticipated to reach US$ 250 Billion by the year 2019. The Indian textiles industry, carrying hand-woven and hand-spun textile sectors at one end of capital intensive mills sector that is complex and this spectrum at the end of the spectrum, is varied and extremely vast. The textile industry contributed 7 percent of the industry output. Known to function as the fifth employment generating sector in the nation, the textile sector provides employment and contributes to two percent of the https://www.investopedia.com/terms/g/gdp.asp" target="_blank" rel="nofollow">GDP of the country. The financial year 2018 took the Indian textile exports into US$ 39.20.

The growth in building and construction is expected to raise the demand for non-clothing textiles. Following factors work as the strengths of the textile industry-

The remarkable increase in the income levels of the Indian inhabitants

Abundant availability of raw materials such as cotton, wool, silk, and jute Create a continuous Gain in the demand from the Indian textile and https://surbhi.com/weave" target="_blank" rel="nofollow">weaving patterns industry

Easy access to reduced cost and skilled work offering a competitive advantage to the industry

Better help in terms of building a market entry strategy for international organization from the management consulting companies in India

The basic strength of the Indian textile industry is its powerful production base with a wide assortment of fibers and yarns. These are organic fibers like cotton, silk, jute, silk, wool, man-made fibers such as polyester and and synthetic. The textile industry is technology-intensive similar with cars, aircraft, computers and funding, and heavy machinery industry. Value chains improve industrialization, which has become common in labor-intensive, consumer-goods sectors and consumer electronics.

In comparison with other nations like China, the cost of textile manufacturing in India is quite less. For this reason, the textile manufacturers have lost the competitive advantage of reduced cost of production. This offered an opportunity to the Indian textile sector to overtake the market share of China in the developed world, particularly in the USA and the European Union, both comprising of around 60% of the export market.

Contemplating this, the Indian government took certain measures to further enhance the Indian textile industry and encourage mergers and acquisitions in India. Some of the major investments in the textiles industry are as below-

100 percent Foreign Direct Investment has been allowed from the Indian Textile industry. Free trade with ASEAN is permitted in order to increase exports from the country.

The Indian government is making substantial investments under the Scheme for Integrated Textile Parks (SITP) and Technology Upgradation Fund Scheme to encourage more private equity so as to train the workforce.

The Cabinet Committee on Economic Affairs (CCEA), Government of India has approved a new skill development strategy for capacity building in the textile industry with an outlay of US$ 202.9 Million from 2017-18 to 2019-20.

The Future Group is likely to open 80 new stores under its affordable fashion format, FBB and is targeting the earnings of 230 million components of clothing by March 2018, This amount is further expected to grow to 800 Million units by the year 2021.

Max Fashion, a part of Dubai established Landmark Group, plans to expand its sales network to 400 stores in 120 cities by investing in the US $60 Million in the subsequent 4 decades.

To conclude, applications like Skill India and Make-in-India, together with constant development and increase in the management consulting firms in India for overseas businesses, is operating in favor of their developments in the Indian textile industry. The access to workforce and a market for textile goods, the industry is becoming competitive in the worldwide market. With appropriate market entry strategy for giants in the market, the future for the textile industry appears promising, typified by both strong consumption as well as export demand. https://surbhi.com/weave" target="_blank" rel="nofollow">Fabric manufacturers in Surat