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Sourcing In India
By Wanda Jankowski
The State Of Textiles In India
How important are textiles to the Indian economy?
The textile sector, including home and apparel, contributes about four percent to the gross domestic product and about 17 percent of the gross export earnings.
The textile industry has expanded from $37 billion in 2004-05 to $49 billion in 2006-07. In this period, while the domestic market increased from $23 billion to $30 billion, exports increased from approximately $14 billion to $19 billion.
The textiles industry in India provides direct employment to about 35 million people.
Where does India stand in world textile material output?
India is the:
• Largest producer of jute
• Second largest producer of raw cotton, cotton yarn, cellulose fiber/yarn and silk.
• Fourth largest producer of synthetic fiber/yarn.
The nation’s textile industry:
• Accounts globally for 61 percent of loomage and 22 percent of spindleage
• Has a 25 percent share in the total world trade in cotton yarn.
While Europe continues to be India’s major export market with 22 percent share in textiles, the U.S. is the single largest buyer of Indian textiles with a 10 percent share. Currently India has about four percent share in the world export of textiles. India leads in world carpet exports with 36 percent of the market share.
(Source: Foreign Trade Statistics of India, DGCIS) |
TexStyles India adds galleries, forums and other showcases to increase visitor appeal
With the U.S. as the single largest buyer, India aims to keep growing as a major producer of textiles for the world at large. The TexStyles India event offers a convenient way to view first-hand what the country’s textile industry has to offer.
The 14th edition of TexStyles India takes place March 2-5, 2008, at the Pragati Maidan in New Delhi. Show organizer, the India Trade Promotion Organisation (ITPO), expects about 8,000 visitors to view the 300 exhibits showing in a total of 172,225 square feet.
TexStyles India claims to be the only textile show worldwide that offers a one-stop platform for purchasing products produced in India that range from furnishings and floor coverings to fabrics and accessories. Exhibitors are accustomed to assisting buyers in adapting the products displayed to specific markets.
Added attractions this year include a variety of special pavilions and displays:
- Trend Forum showcases a future trends forecast from top designers for Spring/Summer 2009.
- Theme Pavilion presents the capabilities and directions of the Indian textile industry.
- Fabric Folio offers a bird’s eye view of the innovations and concepts in the Fabric Index.
- Designers’ Gallery focuses on the season’s Designers’ Collections in eye-catching displays.
- Launching Pad is an exclusive showcase for the newest products slated for launch.
TexStyles India runs concurrently with INTEX (fabrics for the apparel and accessories trades), Carpet Expo (carpet and other floor coverings) and India Housewares and Gifts Show (housewares and gift items).
Resources
• India Trade Promotion Organisation (ITPO), +91-11-23371540, texstylesindia.com |
