This market research study on Textiles andrelated sectors in India has been commissioned by Italian Trade Commission(Trade Promotion Section of the Consulate General of Italy), Mumbai, for whichAce Global Private Limited, a consultancy company based in New Delhi, hasbeen appointed. The main objectives of the market research are to carry out adetailed market analysis the industry, in order to identifypotential opportunities for Italian entrepreneurs interested in the Indianmarket. The scope of the market research covers the following key segments ofthe industry: Textiles Apparel & Clothing; Undergarments; HomeTextiles, and Accessories. The findings of the research are presented in thefollowing sections.
Market Characteristics
The Textile Industry in India is one of the largest and most important industrial segments of the Indian economy accountingfor over one fifth of the country's industrial production. It providesemployment to around 15 million people who have helped produce one of thelargest varieties of yarn, fabrics, textiles, clothing and garments, homefurnishings and other textile products in the world.
Textiles industry, including related subsectors,is worth about Euros 38 billion of which domestic segment constitutes 65%while 35% comes from exports. The textiles segment accounts for 59% of theindustry, with apparel and other made ups constituting the balance.
This industry also accounts for nearly 21 % oftotal employment in the country.
Besides the textiles, apparels & clothing,the industry covers a wide range of home furnishings (bed linen, curtains andupholstery, floor coverings, kitchen linen, bath linen, etc.) and Accessories(including apparel accessories, like stoles, scarves, etc., hard accessories likebags, wallets, fashion jewellery, time wear and eyewear etc.)
Originally published in New Cloth Market: February 2010
To Read Part - II click here
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