Notably as of 2023, India is the 6th largest exporter of Textiles & Apparel in the world. The overall export of Textiles & Apparel including handicrafts marked a growth of 7 per cent during April-October period of FY 2024-25 ($ 21,358 Mn) compared to same period of FY 2023-24 ($ 20,007 Mn).
With this increased Budget allocation, the textile sector is well-positioned to capitalise on emerging trends and capitalise on new opportunities in the global market.
Actors Neha Joshi and Himani Shivpuri have opened up on their enduring love for sarees and traditional attire, revealing the most precious possessions in their collections.
India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year
Prime Minister Narendra Modi will formally inaugurate here on Monday the 'Bharat Tex' which is set to be India’s largest global textile event.
The Union Minister for Textiles, Consumer Affairs, Food & Public Distribution and Commerce & Industry informed about an exhibition of 75 types of handwoven sarees of India to be organised in New Delhi.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
About a hundred out of the 450 power looms across the state have already started manufacturing textiles for school uniforms and 25,000 metres of textile have already been manufactured by them. The target is to produce 40 lakh metres of fabric by April- May this year.
The textile sector has continuously maintained a trade surplus with exports manifold higher than imports. In FY 2020-21 there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand.
The Minister said Indian industrialists should align with best standards in Textile manufacturing for their domestic and international consumers.
