Home / Knowledge / News / Textiles / India eyes FDI in textile & clothing sector

India eyes FDI in textile & clothing sector

05
Dec '09
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


Must ReadView All

Pic: Valiantsin Korznikau | Dreamstime.com

Textiles | On 30th Nov 2021

US real GDP rises at annual rate of 2.1% in Q3 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Pic: Stuart Key | Dreamstime.com

Apparel/Garments | On 30th Nov 2021

Turkey’s apparel exports rise 23.39% in Jan-Oct ’21

Apparel exports from Turkey increased by 25.72 per cent year-on-year...

Pic: Komgrit Pradissagul | Dreamstime.com

Textiles | On 30th Nov 2021

Italian firms see Turkey as alternative to Chinese supply chains

Turkey-Italy trade will exceed $20 billion this year and the two...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search