Indian Textile & Apparel Sector: Performance supported by Policies
！！Dr Siddhartha Rajagopal, CEO, TEXPROCIL
2018-06-22 15:12:52
Dr Siddhartha Rajagopal, CEO, TEXPROCIL, presented his report of Indian Textile & Apparel Sector: Performance supported by Policies
Dr Siddhartha Rajagopal's report is divided into four parts.
Firstly, he introduced economic status in India. India is 7th largest economy in the world and it is growing rapidly. Index of Industrial Production for textile and apparel manufacturing indicate good growth of the sector. Stable & growing economy, growing consumer base, demographic dividend and government support are key advantages.
Secondly, he analyzed information about Indian textile and apparel sector. India has huge manufacturing capacity across the textile value chain from fiber to fashion. Indian textile and apparel consumption to reach US$ 220 bn. by 2025. Indian textile and apparel trade recorded at US$ 37 bn. in 2017-18. India stands at par with its competitors in terms of manufacturing competitiveness.
Thirdly, he delivered existing policy ecosystem. Indian T&A Sector is aligned to key government initiatives, with central / federal policy Eco-system like: scheme for generating employment, cluster development & textile parks, skill upgradation & training and scheme for attracting foreign/domestic investment etc.
Finally, Dr Siddhartha Rajagopal made forecast for textile industry. The Indian textile industry has strength across the entire value chain from natural to man-made fiber to apparel to home furnishings. With Progressive policy measures of the Government supporting partnership with the industry, India is set to achieve US$ 80 billion textile and apparel exports by 2025 at a CAGR of 10%.
Dr Siddhartha Rajagopal's report is divided into four parts.
Firstly, he introduced economic status in India. India is 7th largest economy in the world and it is growing rapidly. Index of Industrial Production for textile and apparel manufacturing indicate good growth of the sector. Stable & growing economy, growing consumer base, demographic dividend and government support are key advantages.
Secondly, he analyzed information about Indian textile and apparel sector. India has huge manufacturing capacity across the textile value chain from fiber to fashion. Indian textile and apparel consumption to reach US$ 220 bn. by 2025. Indian textile and apparel trade recorded at US$ 37 bn. in 2017-18. India stands at par with its competitors in terms of manufacturing competitiveness.
Thirdly, he delivered existing policy ecosystem. Indian T&A Sector is aligned to key government initiatives, with central / federal policy Eco-system like: scheme for generating employment, cluster development & textile parks, skill upgradation & training and scheme for attracting foreign/domestic investment etc.
Finally, Dr Siddhartha Rajagopal made forecast for textile industry. The Indian textile industry has strength across the entire value chain from natural to man-made fiber to apparel to home furnishings. With Progressive policy measures of the Government supporting partnership with the industry, India is set to achieve US$ 80 billion textile and apparel exports by 2025 at a CAGR of 10%.
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