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Showing posts from February, 2019

India’s textile and apparel exports stood at Rs 1.30 trillion (US$ 18.56 billion) in FY2019

  The Textile Industry occupies a vital place in the  Indian economy and contributes  substantially to its exports earnings. Textiles  represent nearly 30%  of the country's total exports.  Providing  direct employment to over 15 million persons in the mill,  powerloom  and handloom sectors  make  India the world’s second largest producer of textiles after China. It is  also  the world’s t hird largest producer of cotton  after China and the USA .   I ndia’s total exports of textiles and apparel are expected  to grow at a CAGR of 12.03%  to reach $82 billion by 2021. The total textile and clothing exports, during April - September 2018, stood at  Rs .  1.30 trillion  ($18.56 billion).  As per reports released by various  management consulting firms in I ndia :          Ready-made garments exports were  Rs. 52,810.51 crore ...