Fuelling growth and creating employment
Indian textile and apparel market is estimated at $118 billion, 69% of which is domestic consumption while exports constitute the rest 31%.
The global apparel consumption in 2016 is estimated to be $1.7 trillion, which formed around 2 per cent of the world GDP of $73.5 trillion. EU-28 was the largest apparel consumer market worth $400 billion, which was followed by markets of the USA, China and Japan. These top four markets together constituted approximately 62 per cent of the global apparel consumption.
Purecotz Eco Lifestyle: A success story
After working in industrial sector for a few years, Amit Narke, an electronics engineer, rather decided to associate with an electrifying movement called ‘organic cotton farming’ and 100 per cent organic cotton garment manufacturing.
ORGANIC COTTON: Thorny issues stifle growth
India is still miles away from tapping the full potential of organic cotton despite a major global share of 56 per cent and a promise of 20 per cent higher return for farmers from this white gold. An ITJ Exclusive portrays the problems and prospects.
Organic textiles: Blessings for the Future!
The demand of organic textiles in India is much less and has not yet reached the peak for Indian entrepreneurs to jump into organic manufacturing, says Avinash Mayekar.
More consumer awareness is required
Global Organic Textile Standard (GOTS) is the world’s leading standard for processing of organic textiles. Sumit Gupta, India Head, GOTS, traces the growth of GOTS in India since its inception.
Exports Face a Drawback!
Misfortunes have come in battalions for textile exporters – firstly GST dilemma, then, hardening of rupee and now the axe on duty drawback rates. An exclusive ITJ Report throws some light on the issue.
Not long back when the textile market shifted from Europe to Asian countries, India having a vast knowledge and experience in the textile sector was expected to flourish as the global textile leader, but due to internal factors it remained an unachieved dream, avers Avinash Mayekar.
Automation vital for textile
vIt is very much a fact that automation has uplifted the textile industry; however, it is an observed theory that a single change brings about thousand other changes in the system, says Avinash Mayekar.
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