The textile and apparel industry has been one of the key pillars of the Indian economy for many decades. With a large production base, diverse raw materials and skilled workforce, India's textile sector caters to both domestic as well as international markets.
Size and Scope of the Industry
The textile and apparel industry contributes around 2% to India's GDP and employs over 45 million people. The industry has a large production base of fiber, yarn, fabrics and apparel. India produces about 25% of global cotton and is the third largest producer of cellulosic fiber globally. It is also one of the largest producers of silk, jute, coir and handloom products. India's apparel exports stood at USD 16.5 billion in 2021 and are expected to touch USD100 billion by 2025-26. The domestic market is expected to be worth $102 billion by 2025. Thus, the sector offers significant opportunities for growth and employment generation in India.
Key Sub-sectors
The textile industry in India comprises several sub-sectors such as fiber, yarn, fabrics and made-ups which include home textiles, technical textiles and apparel.
- Cotton/Man-made Fiber: India produces a variety of cotton, silk, wool and man-made fibers like polyester, viscose, nylon etc. which are used to manufacture yarn and fabrics.
- Spinning and Yarn: India has a large spinning capacity and manufactures cotton, synthetic and blended yarn which are exported as well as used domestically by the weaving and knitting sectors.
- Weaving and Knitting: India has a strong presence in loom and powerloom fabrics along with emerging knitting sector. Fabric production serves both domestic and international markets.
- Home Textiles and Technical Textiles: Home textiles like bed linen, kitchen linen, towels etc. and technical textiles used in agriculture, healthcare etc. are fast emerging segments witnessing strong growth.
- Garments and Apparel: India is a major supplier of readymade garments to leading brands across the world. The apparel industry accounts for 90% of the industry's exports and is one of the key foreign exchange earners.
Policy Support and Initiatives
The Government of India has implemented several policies and schemes to support the growth of the textile and apparel sector such as the Technology Up-gradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), Amended Technology Up-gradation Fund Scheme (ATUFS) etc. The latest initiative is the Production Linked Incentive (PLI) scheme which aims to boost manufacturing and exports.
Other supportive measures include removal of anti-dumping and countervailing duties on certain inputs, lowering of import duties on cotton and man-made fibers and launch of mega textile parks. The recently announced China+1 strategy by major brands will provide opportunities for made-ups and garment exports from India. If implemented well, these initiatives have potential to significantly enhance scale, competitiveness and exports from the textile industry in the coming years.
Challenges Faced
Despite the growth, India's textile industry faces a few challenges such as high power costs, infrastructure bottlenecks and environmental compliance. Other issues include reliance on import of high-value inputs like dyes, chemicals, capital goods etc. which adds to costs. The pandemic crisis along with rising yarn prices due to cotton shortages and Ukraine conflict have posed near term disruptions as well. Labor shortage and lack of skilled workforce is another challenge constraining growth of the sector.
To conclude, the Indian textile and apparel industry enjoys robust domestic demand as well as strong export potential backed by favorable government policies and initiatives. If challenges around high costs, infrastructure and environmental compliance are addressed, the sector could play a pivotal role in realizing the ambitious national export targets and creating millions of new jobs. With investments in cutting edge technologies, focus on high-value products and sustained government support, the Indian textile industry is well placed to become a major global supplier and manufacturing hub in the coming decades.
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