Textile Industry Economic Growth and Market in India

The textile industry plays an important role in the economy of India. The textile sector is one of the oldest sectors of India. Even today it donates 14% to industrial production and 4% to GDP. Textile industry hires employers in millions. It becomes the main source of employment and also a labor concentrated. It contains many different segments like handloom, handicrafts, and sericulture. All of these are small-scale and produced through traditional tools and procedure. Also, some segments that are apparel and garments, and spinning use modern machinery and techniques and take parts in Indian economy scale.

When there is a lot in this industry so it has the endless markets in our country. The main markets for the Textile Industry are in Surat, Gujarat. Surat is known as the textile hub of India and it is called as Manchester of India as well. The city has a myriad of cloth mills and it supplies raw materials to every corner of India.

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Textile Market in India

The textile industry of Surat is mainly engaged in the yarn production, in processing, in embroidery, and in weaving as well. It can also be known to produce the synthetic products. Almost 30 million meters of raw fabric and 25 million meters of processed fabric are produced daily in the textile hub Surat.

We had taken a scenario of all the factors that what it produces, economic growth, employment-related part but the main part is here to discuss is that the market is also famous for its merchant and for the best quality material. The merchants satisfy their customer’s need and requirement through supplying the best quality material. When you are on a visit to Surat, you’ll get surprised when you see the markets of Surat crowded by the merchants and traders that come from the all-over the nation.

We have seen so much about one city but our country has many more cities which are in a queue to serve their finest garments and materials. Let us take a visit to the Kolkata city. Kolkata city takes part in the economy of the capital city of West Bengal. Kolkata is prominent in the jute production. There are four main sectors in this city are handloom sector, jute sector, cotton, and silk sector.

Manufacture of branded products by textile companies is almost 33% in Kolkata. The city has many different aspects in which they get benefits from the weather, from the facility of port and airport, cheap labor, and some of the others.

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Textile Directory India form Textile Infomedia

So there are a number of cities which have the textile industry and that are mainly connected to the Indian economy. Indian government focuses on some policies that leading to growth in textiles and clothing industry. The ministry of textiles is strengthening investments through escalating focus on such schemes like Technology Up-gradation Fund Scheme (TUFS). There are 47 ongoing projects for that government allocated Rs 2300 crores (US$ 355.27 million) under the union budget 2018-19.

The central government is setting up to conclude and launch the new textile policy in the next three months. The policy intends to achieve US$ 300 billion worth of textile exports by 2024-25 and it creates 35 million jobs.

There are many reasons behind the success of the textile industry. The government tries their best to expand the export business to focus on those countries that regularly demanded products of Indian textile market.

So after getting all these information, we Textile Infomedia has also something to share with you. We have an online portal or you can say online directory that has the list of textiles markets that are established across the country. You can easily find wholesalers, manufacturers, and suppliers who are ready to serve the best quality material.

Also, we offer you the membership plan services for a textile directory. You have also one benefit to register your business that shows your profile and contact details on our portal without paying any charges.

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