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Indian textile space is one of the largest in the world. It contributes 2.3% to the country’s GDP, 12% to export revenue, and 13% to industrial production. The textile manufacturers in India primarily focus on selling cotton and silk to other countries.
The Indian textile sector has recorded a significant increase in international investment. The industry attracted around US$ 3.75 billion in foreign direct investment (FDI) in the last two years. This has made India the fourth largest exporter of home, fashion, and industrial textile materials. With five crore direct workers and six crore indirect employees through affiliated businesses, the textile companies in India are the second largest employers in the country.
With the advent of online trading platforms like TEXchange, and looking at the emerging textile innovations in the country, we believe fabric manufacturers in Delhi will be the powerhouse of textile exports and consumption.
The CAGR of the textile companies in India is expected to be valued at USD 190 billion by 2026. This was a huge increase from 2019-2020, when it was valued at USD 75 billion.
Men’s woven fabric manufacturers in India comprise the fastest-growing segment. The country’s diversified garment needs, global fashion exposure, the shift in consumer taste, and the growing population directly contribute to the long-term demand for cotton suppliers.
India has the biggest raw material base supplying all types of natural and artificial fiber and yarn, including silk, cotton, jute, wool, acrylic, viscose, polyester filament, and polyester staple.
India has the largest English-speaking human resource, mainly composed of well-educated and skilled youth. It is advantageous for global textile companies to set up fabric sourcing and manufacturing operations in Delhi.
Woven fabric manufacturers in India charges are much lower than manufacturers in Vietnam and China. The cost of production has a direct impact on their prices.
The long tradition of textile manufacturing and production supports the vast availability of skills and infrastructure for textile production and distribution.
India is one of the few countries that enjoy preferential market access to more than fifty countries and their textile markets under fifteen trade agreements.
The supportive and stable Government of India is instrumental to the country’s economic and political stability, which is a primary reason other countries prefer importing textiles from India.
The Government of India has enforced a number of measures and laws to improve the capabilities of the Indian textile industry. For instance, the GOI has significantly increased the budget to improve the technical textile sector, such as medical, industrial, and eco-friendly fabrics.
The Indian Government’s PLI (Production Linked Incentive) scheme has created a league for employment opportunities through textile production.
If you are looking for Fabric manufacturers in Delhi without the interference of traders and brokers, join TEXchange and directly communicate with top textile companies and manufacturers in India.