The Indian apparel and home textile industry has carved a niche in the global economy with a market value exceeding $100 billion. This sector has created job opportunities, directly and indirectly, for more than 45 million people and contributes around 14% to the country’s industrial output. India’s home textile suppliers have created extraordinary options for various brands and provided quality products.
Increasing Role of Indian Home Textile in the Global Economy
Indian home textile has emerged as an international powerhouse. The country is the second-largest producer of multimode fiber, cotton, and silk. It has emerged as a global leader in the home textile world. With its jute production, the textile industry accounts for almost 70% of worldwide output. The country has a fast-growing economy in which home textiles play a significant role. Government policies like “Atmanirbhar Bharat” and “Make in India” have enhanced domestic manufacturing and exports in international markets.
CII, or Confederation of Indian Industry has reported that home textile exports of the country are likely to exceed $185 billion by 2025. With abundant raw materials and a strong manufacturing process, Indian home textile suppliers aim to achieve a CAGR of 9.6% and elevate the market value to $250 billion by 2030. The factors supporting the growth of the textile industry are the development of e-commerce, an increase in customer preferences, sustainable practices, modernized technology, and increased demand for textiles.
Many textile companies are starting their manufacturing facilities in India, exposing many possibilities for India’s growth and development and increasing the dominance of the home textile industry in the global market. The industry promotes its brand internationally, emphasizing labor standards, ethical sourcing, sustainability, and international quality standards.
Why do Global Retailers look for Indian Home Textile Suppliers?
There are many advantages to sourcing home textiles from Indian suppliers.
• Huge collection of products
The country offers a wide selection of varied home textile products suitable to the client’s needs. From traditional to modern textiles, Indian suppliers provide an exotic range of high-quality products made from natural materials.
• Abundance of raw materials
India is the largest cotton producer and one of the leading producers of jute, wool, silk, and so on. The availability of raw materials in plenty helps in the expansion of home textiles and supports exports. This wealth of raw materials allows businesses to source home textiles from India.
• Skilled and affordable labor
The labor force in India is not only cost-friendly but also highly skilled. Since home textiles are a labor-intensive industry, the cost advantage also makes the products quite inexpensive. The workforce can adapt to new technology and offers top-notch services.
• Sustainable production
Indian home textiles use eco-friendly materials and manufacturing processes. Environment-friendly practice in this sector offers many advantages to sourcing.
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