• Linkdin

India eyes FDI in textile & clothing sector

05 Dec '09
1 min read

Textile sector in India is expected to reach $110 billion by 2015. This includes $45 billion of exports. Growth rate of the textile sector is estimated to be around 8% per annum.

To sustain its growth ratio, Indian textile industry requires an investment of $24 billion by 2015. This comprises of the domestic investment of $18 billion, and the rest $6 billion could from FDI.

Textiles and handicrafts made in India are exported to more than 100 countries worldwide. Readymade garment sector is the largest segment, which accounts for 41% of the total textile exports from the country. Organized retailing in India too has showed a growth rate of 13-14% for the year ended March 2009.

The textile ministry has now aimed to improve foreign investment from countries like Germany, France and Switzerland, who have been identified as prospective investors in the sector. The Government is now also exploring investment opportunities in other potential countries like Japan.

Click here to read the complete article.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search