India’s Dominance in Textile Projected at Expo2020 Dubai

27 April 2022: India’s dominance in Textile projected during 6 months of Expo 2020 Dubai. The Expo was held from 1st October 2021 to 31st March 2022, with millions of footfalls during the 6 months event. Now, India is organizing the world’s largest virtual fair for textiles with around 5,000 sellers and 30,000 buyers from across the globe.

The Ministry of Textiles had projected Indian Textile and Garment in a big way. It was projected that India is the World’s 5th Largest Exporter of Textiles and Apparel and 95% of the world’s hand-woven fabric is produced in India. India is the No.1 producer of cotton & jute in the world. 2nd largest producer of silk in the world, India contributes 18% to the global silk production. The textiles sector has attracted FDI worth US$ 3.44 billion from April 2000 to March 2020.

The government had announced US$ 31 billion to boost export, create 10 million jobs and attract investments worth US$ 11.93 billion by 2020-22. National Technical Textiles Mission has proposed an estimated outlay of US$ 211.76 million. In addition, 59 textile parks were sanctioned under the Scheme for Integrated Textile Parks (SITP), of which 22 have been completed. Textiles and apparel industry exports are expected to reach US$ 300 billion by 2024-25, tripling the Indian market share from 5% to 15%.

And during the 2 years of the Covid pandemic, India emerged as the 2nd largest manufacturer of Personal Protective Equipment (PPE) in the world. The Cotton Sector is the second most developed sector in the Indian textile industry. Also the second largest producer of silk in the world, India contributes 18% to the global silk production. Some major Indian silks include Mulberry, Eri, Tasar and Muga. Between 2009 and 2020, the Khadi sector in India.

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