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India's textile industry is poised for significant growth, with textile exports expected to reach $65 billion by FY26, as per Invest India. The domestic market, valued at $165 billion in 2022, is projected to grow at a 10 per cent CAGR, hitting $350 billion by 2030.
The sector is a critical employment driver, offering jobs to 45 million directly and supporting another 100 million in allied sectors. Cotton cultivation alone involves around 6 million farmers and up to 50 million people in processing and trade.
India is also the second-largest global producer of personal protective equipment (PPE), with over 600 certified manufacturers, capitalizing on a market that could reach $92.5 billion by 2025.
Government incentives, such as the Rs 10,683 crore Production Linked Incentive (PLI) Scheme, are crucial to this growth. The scheme supports the production of man-made fiber apparel, fabrics, and technical textiles, with 64 approved applications for Rs 19,798 crore in investments. These investments are expected to generate a turnover of Rs 1,93,926 crore and create 2,45,362 jobs, especially in Madhya Pradesh, Uttar Pradesh, and Rajasthan.
Foreign Direct Investment (FDI) in textiles remains strong, with $4.47 billion attracted from April 2000 to March 2024, under the 100 per cent automatic route.
India, a top global textile producer, contributes 2.3 per cent to GDP, 13 per cent to industrial production, and 12 per cent to exports, holding a 4 per cent share in global textile trade.
India's textile industry is poised for significant growth, with textile exports expected to reach $65 billion by FY26, as per Invest India. The domestic market, valued at $165 billion in 2022, is projected to grow at a 10 per cent CAGR, hitting $350 billion by 2030.
The sector is a critical employment driver, offering jobs to 45 million directly and supporting another 100 million in allied sectors. Cotton cultivation alone involves around 6 million farmers and up to 50 million people in processing and trade.
India is also the second-largest global producer of personal protective equipment (PPE), with over 600 certified manufacturers, capitalizing on a market that could reach $92.5 billion by 2025.
Government incentives, such as the Rs 10,683 crore Production Linked Incentive (PLI) Scheme, are crucial to this growth. The scheme supports the production of man-made fiber apparel, fabrics, and technical textiles, with 64 approved applications for Rs 19,798 crore in investments. These investments are expected to generate a turnover of Rs 1,93,926 crore and create 2,45,362 jobs, especially in Madhya Pradesh, Uttar Pradesh, and Rajasthan.
Foreign Direct Investment (FDI) in textiles remains strong, with $4.47 billion attracted from April 2000 to March 2024, under the 100 per cent automatic route.
India, a top global textile producer, contributes 2.3 per cent to GDP, 13 per cent to industrial production, and 12 per cent to exports, holding a 4 per cent share in global textile trade.
The upcoming Intertextile Shanghai Apparel Fabrics fair, celebrating its 30th anniversary, is set to host one of its most extensive fringe programs ever. Taking place from August 27-29, 2024, at the National Exhibition and Convention Center (Shanghai), the fair will feature nearly 40 seminars, product presentations, four panel discussions, and eight domestic forums. Covering topics such as trends, fashion, and innovation, the program will be spread across five dedicated venues, ensuring visitors are well-prepared for Autumn/Winter 2025-26 sourcing.
Messe Frankfurt’s General Manager, MsWilmet Shea, underscored the fair's strong focus on sustainability, particularly through the introduction of the TexpertiseEconogy concept in Shanghai. She emphasized that the seminars play a vital role in guiding buyers through the ever-changing textile industry. The Econogy Talks venue will feature 13 seminars and two key panels, addressing important topics such as the EU’s Green Deal and supply chain traceability.
Additional components under the Econogy banner include the Econogy Hub for sustainable products, Econogy Tours showcasing eco-focused exhibitors, and the Econogy Finder, an online tool for discovering sustainable suppliers.
The Technology & Solutions theme will address industry advancement in the IoT age, with seminars focusing on AI and digital tools. Highlights include the Textile Industry Digital Application Forum and presentations from industry leaders like Avery Dennison and Shima Seiki. These events align with the new Digital Solutions Zone in Hall 5.1, which will explore opportunities from the global digital revolution.
Design & Trends will feature the Intertextile Directions Trend Forum, showcasing key trends for Autumn/Winter 2025-26, including Utility, Calm, Pluralism, and Projection. Seminars by industry experts from Pantone, WGSN, and others will offer insights into upcoming colour and fabric trends.
In Market Information & Business Strategies, a notable panel discussion on textile investment in the ASEAN region will be supported byASEAN Federation of Textile Industries(AFTEX), bringing together executives from various Asian textile associations. Other key sessions will explore international market dynamics and intellectual property opportunities.
The fair will welcome nearly 4,000 exhibitors from 26 countries and regions, with nine national pavilions and eight group pavilions. Spanning 240,000 square meter across nine halls, the event will showcase a wide range of products, from functional fabrics to accessories, ensuring visitors have ample opportunities to connect with leading global suppliers.
A joint venture between Manomay Tex India and Vardhman Textiles has bagged aRs 3,000 crore contract to establish a large-scale textile production hub in Tripura from the state government
Aligned with the government’s vision of transforming Tripura into a key player in India’s textile sector, the project aims to attract investments, improve infrastructure, and create jobs in the northeastern region. The collaboration between Manomay Tex India and Vardhman Textiles is expected to introduce advanced technology and expertise to the state’s growing textile industry.
The project holds substantial significance for Tripura’s economy. It is expected to generate around 25,000 direct and indirect jobs, addressing the state’s limited industrial activity and employment opportunities. This boost in employment is particularly crucial for skilled and semi-skilled workers in the region.
In addition to creating jobs, the large-scale investment in the textile sector is anticipated to serve as a catalyst for broader industrial development in Tripura. The project will likely lead to improvements in infrastructure, transportation, and attract further investments, contributing to the state’s overall economic growth.
Furthermore, the government plans to leverage Tripura’s strategic location as a gateway to Southeast Asia by enhancing textile exports, especially to neighboring countries like Bangladesh.
The joint venture between Manomay Tex India and Vardhman Textiles combines the strengths of two well-established companies in India’s textile industry. Manomay Tex India is known for its high-quality fabric manufacturing, while Vardhman Textiles, one of the largest integrated textile manufacturers in the country, brings technical expertise and global distribution networks to the table.
The Tripura government’s strategy includes infrastructure development, investor incentives, and skill development programs to support the textile hub. Despite challenges such as underdeveloped infrastructure, the government’s commitment, coupled with the expertise of the partnering companies, is expected to overcome these obstacles, positioning Tripura as a significant hub in India’s textile industry.
Valued at $288 billion in 2023, the global plus size clothing market is projected to expand at a CAGR of5.7 per cent to surpass $501.35 billion by 2033. As per a report by Future Markets Insight (FMI), this growth will be driven by the rise of body positivity movement, changing fashion norms, and increased consumer awareness.
The body positivity movement has played a key role, encouraging inclusivity and celebrating diverse body shapes, which has fueled demand for attractive plus size clothing. As fashion norms evolve, designers and retailers are increasingly offering trendy, stylish options for plus size individuals.
With awareness amongst consumers rising, plus size shoppers are seeking clothes that reflect their personal style while ensuring comfort, says the report. However, the market also faced certain challenges including inconsistent sizing and limited retail availability, which hinder the market's growth, it adds. Many physical stores offer a narrow range of larger sizes, making it difficult for plus size shoppers to find what they need. Additionally, discrepancies in sizing across brands complicate the shopping experience, leading to frustration and dissatisfaction, particularly with online purchases, the report adds further. v Opportunities for expansion in the plus size clothing market are significant, particularly in online retail and customisation. eCommerce platforms allow brands to reach a broader audience and offer a wider variety of sizes and styles.
Customisation options further enhance customer satisfaction by allowing plus size individuals to create clothing that fits their unique body types and preferences.
According to the report, current trends shaping the market include inclusive fashion campaigns, sustainable practices, and fashionable plus size activewear. Brands promoting diverse body types in their marketing efforts are fostering a more inclusive fashion landscape. Sustainability is also gaining traction, with brands incorporating eco-friendly materials and ethical practices. The rise of stylish and functional plus size activewear meets the growing demand for inclusive fitness apparel that is both comfortable and supportive.
United States holds a 40 per cent share in the global plus size clothing market with significant contributions from the UK, China, Japan, and South Korea. The casual wear and mid-priced segments are expected to dominate the market.
Copenhagen Fashion Week (CPHFW) willshowcase a few selected Danish and Nordic brands at a dedicated showroom during Paris Fashion Week SS25. A part of CPHFW’s ongoing efforts to support their economic growth, this initiative offersthese brands a platform to gain insights into the fashion industry and highlight their commitment to responsible practices.
In all, eight brands, that previously featured in CPHFW’s official show and presentation schedule, will participate in the showroom. Four of these brands—Alectra Rothschild / Masculina, Berner Kühl, Rolf Ekroth, and Stamm—are also part of CPHFW’s NewTalent incubator program. The other participating brands include A Roege Hove, Mfpen, Nicklas Skovgaard, and OpéraSport.
Each brand selected for the Paris showroom has met CPHFW’s stringent Sustainability Requirements, demonstrating their dedication to creating a more positive impact on the fashion industry and managing their environmental footprint. CPHFW emphasises, the inclusion of both established and emerging talent in the showroom underscores the importance of the journey towards sustainability and celebrates success stories of businesses that are scaling up while maintaining a positive impact.
Cecilie Thorsmark, CEO, CPHFW, says, event would serve as a significant opportunity to present CPHFW’s Sustainability Requirements and showcase the brands that meet these standards to the international fashion industry, she notes.
The initiative aims to also foster impactful collaborations that can accelerate the transition towards a more sustainable and positive fashion industry.
Supported by a shared grant pool from Danish ministers and the Danish Art Foundation, this initiative further emphasises the collaborative effort required to promote Danish and Nordic brands on a global stage.
The All Pakistan Textile Mills Association (APTMA) has warned that the government’s ‘regressive taxation policies’ may lead to the permanent closure of textile factories in Pakistan, resulting significant job losses.
Expressing deep concern over the impact of SRO350(1)/2024 and the recent removal of the sales tax exemption on local supplies for export manufacturing, APTMA argued, these actions are crippling the industry with severe consequences for employment, external sector stability, and the overall economy.
Despite repeated appeals from industrial stakeholders and assurances from senior officials, APTMA criticised the Federal Board of Revenue (FBR) for continuing to enforce what it described as a ‘dysfunctional policy’ that harms manufacturers across Pakistan. The association noted,the operational challenges introduced by SRO350 have compounded the difficulties already faced by the textile industry.
APTMA explained,the requirement to link the entire supply chain to file sales tax returns has created significant obstacles. Many of its members, along with other firms nationwide, are struggling to meet the filing deadlines because their upstream suppliers have not filed their returns. Furthermore, the FBR has eliminated the option to delink invoices from the return, worsening the situation.
APTMA urged the government to immediately amend SRO350(1)/2024 in consultation with industrial stakeholders who are most affected by it. The textile sector cannot endure further delays in addressing this issue, which has already caused substantial damage, the association warned.
Additionally, APTMA called for the reinstatement of the sales tax exemption on local supplies for export manufacturing. The association argued that the withdrawal of zero-rating on these supplies under the Finance Act 2024 was not driven by revenue needs but was instead a reaction to FBR audits that identified misuse by a small number of firms out of approximately 1,900 beneficiaries.
APTMA urged the government to restore the zero-rating on local supplies under the Export Facilitation Scheme (EFS) and to implement stronger checks and balances to prevent misuse, rather than resorting to measures that further accelerate the deindustrialisation trend harming Pakistan’s economy.
Uzbekistan is undertaking several textile projects across various regions of Azerbaijan, revealed YusifAbdullayev, Executive Director, Azerbaijan Export and Investment Promotion Agency (AZPROMO), at the Uzbekistan-Azerbaijan business forum on Aug 22, 2024 in Tashkent
Uzbekistan's deep expertise and knowledge alongwithtextile exports worth over $4 billion will help implement these complex projects in regions like Imishli, Yevlakh, and the liberated territories, including Khankendi, he stated.
Several cooperation agreements covering sectors such as energy, education, logistics, and construction, were signed during the forum. The two countries also agreed to strengthen bilateral relations and establish twinning partnerships between the cities of Jizzakh (Uzbekistan) and Guba (Azerbaijan), as well as Shahrisabz (Uzbekistan) and Beylagan (Azerbaijan).
Furthermore, Uzbekistan and Azerbaijan announced plans to open trade houses and showrooms in key cities, including Baku, Shusha, Tashkent, and Samarkand.
The Textile Association (India), Mumbai Unit, is set to host an internatiaonal conference on “Automation and Robotics in Textile & Apparel Industry” on November 15, 2024, in Mumbai. This event will explore the critical role of automation and robotics in the textile and apparel sectors.
Key discussions will focus on the integration of Industry 4.0 in textile machinery, innovations in apparel production, and the broader impact of automation on textile manufacturing. The conference will bring together policymakers, industry leaders, and global experts to share insights and advancements.
With around 400 participants expected, this conference promises a significant platform for networking and knowledge exchange. The Textile Association (India), Mumbai Unit, known for its influential events, aims to continue its tradition of addressing cutting-edge industry trends and challenges.
This gathering underscores the growing importance of automation in maintaining competitiveness and driving innovation within the textile and apparel industries.
A 2024 Bain & Company report predicts, Gen Z consumers, born between 1997 and 2012, will make up nearly a third of luxury purchases by 2030, while millennials will account for over half.
As Gen Z is projected to become the wealthiest generation, their influence is expected to drive growth in luxury retail, travel, and technology sectors. Jason Dorsey, a Gen Z researcher, notes, although Gen Z's current spending power is lower than other generations, it will increase, making early engagement with this demographic crucial for brands.
The luxury market is shifting as Gen Z’s preferences challenge traditional brand loyalty. Claire Tassin from Morning Consult highlights, luxury consumers are increasingly ‘mercurial’ and prioritise quality over brand status. Despite their growing buying power, Gen Z's loyalty is less consistent compared to older generations. As per a report by McKinsey & Co, over 50 per cent of Gen Zers would switch brands for better value or quality, indicating a preference for authenticity and trendiness.
Brands face the challenge of appealing to both classic luxury shoppers and aspirational buyers, particularly with Gen Z's emphasis on authenticity and value. This balancing act is critical as overall luxury spending is expected to rise from €1.5 trillion ($1.67 trillion) currently to €2.5 trillion ($2.79 trillion) by 2030.
To succeed, luxury brands must avoid assuming that Gen Z lacks sophistication. Instead, they should recognise this generation’s diverse influences, inclusivity, and the importance of staying connected with trusted trends and information sources. Brands need to adapt to these evolving preferences to remain competitive and relevant in the expanding luxury market, adds the report.
