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India’s technical textiles grows at nine per cent

India’s technical textiles industry is growing at a fast pace, with an expected compound annual growth rate of 9.6 per cent between 2014 and 2023. In addition, India accounts for roughly 14 per cent of the world’s production of textile yarns and fibers. It is the world’s largest producer of jute, second largest producer of silk and cotton, and the third largest of cellulosic fiber. The readymade garment sector is currently the largest contributor to India’s total textile and apparel exports, accounting for roughly 41 per cent.

India’s growth rate has been boosted by initiatives, including its recent establishment of 75 apparel training and design centers to improve technical skills and offer training. The vast majority of technical textiles comes from Asia-Pacific, which accounts for almost half of the global technical textiles market.

China is the largest producer of both woven and nonwoven technical textiles in the region, and is currently responsible for 30 per cent of global production. A large workforce, strong domestic market and the advances it has experienced in textile technology make the country a very strong competitor in the global industry.

China’s leading position is followed by the Americas with 19 per cent of global production, India with 18 per cent, the EU with 16 per cent and the rest of the world with 17 per cent.

 
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