India is the second-largest cotton producing country and third-largest cotton and cotton product exporting country in the world.
Indian cotton textile industry is a well-organized and too old industry.
By historical serves in 1500 B.C. to 1500 A.C. India has manipulated by the textile industry of the world.
What’s in it for me?
- Introduction to the cotton textiles industry of India
- The cotton textile market of India
- FDI and other investments
- Government policies
- Top brand working in the Indian cotton textile industry
- Future of Indian textile industry
- A short introduction to Vardhman textiles
Introduction to the cotton textiles industry of India
India is the world’s second-largest cotton-growing country. also we are the world’s third-largest cotton and cotton product exporting county. Nearly 15% of Indian employment coms from the textile industry. the textile industry contributes nearly 2.3% in the title of GDP.
All reasons mentioned above are made the Indian cotton textile industry noticeable. So we can start from the history of the Indian cotton textile industry.
History Of indian Textile indestry.
By the archeological resources, it is clear that the people of Harappa civilization are awaiting the skill of waving. also, some instruments are observed these researches are shows the chances of use of cotton at that time.
For the 3000years from 1500B.C. to 1500A.C India was the highest cotton exporter country in the world. In 1818 there was first cotton mill was established in India at Fort Ghoster located near Kolkata, But it failed.
Then actual start to the Indian textile industry was given by the KGN Dabber by established the cotton mill with and named as “Bombay spinning and weaving company” in 1856. As now Gujarat also one of the textile hubs of India.
The first cotton mill of Gujarat was started at Ahmadabad in 1861. Time by time this both locations are grown as the hub of the textile industry.
After the partition of India 14 out of 423 textile mills are going to Pakistan.
And maximum weavers were Muslims which also migrated to Pakistan that was the bad time for the Indian cotton textile industry.
To know more please visit – What’s Indian textile industry? Indian textile industry 2020
The Cotton Textile Market of India
India is the second-largest cotton-producing country after China. Cotton is the king of the Indian textile industry. around 60% of the textile industry is covered by the Indian cotton textile industry. In the current condition, we are producing 31 million bales per year.
From the year 1991-92 to the year 2016-17, cotton production of India increases from 119lakh bales to 345lakh bales. This is a 190% growth in cotton production.
The Top cotton-growing state of India Maharashtra, Gujarat, Andhra Pradesh, and Telangana. are collectively called a cotton basket area. Nearly 67% of the title cotton production of India comes from the cotton basket of India.
India produces nearly 26% of the worldwide production of cotton which is highest in the world.
China produces nearly 22% of world cotton production. So China is on the second number in cotton production.
India grows all known species of cotton which are total four. 61% of Indian cotton farming depends on rain. and remaining only 39% of cotton farmers have facility irrigation. this is one of the major failures of the central and regional both governments.
In the current situation nearly 20million of the employees working in the textile mill.
With the increase of land rate in the Mumbai and relative region. the maximum cotton textile mills of Mumbai are closed. The main reason behind this is to clean the land and build a multistory building, to earn the profit. and also some personal reasons which cause lots of people to become unemployed.
But in the year 2006 the rate of closing the mill was so high this caused the 100.000 peoples are migrated from the Mumbai. And lots of peoples diverted to the crime sector.
The textile industry of India contributes very large shear of India GDP also it is the second-largest employment creating an industry of India.
So the growth of the textile industry directly affects the employment of the country. and to increase the employment of India. the government focusing on the export of cotton textiles.
Because of all the above reasons, it is important to study Indian cotton textile export. Indian cotton yarn and fabric export have 23% shear out of total textile and apparel export of India. In the year 2018-19 India has produced 28.7 million bells of cotton 170 kg each.
In 2018-19 we have exported cotton fabric of US$3.90 billion and Cotton made-ups of US$ 5.95billion. Between the April to November 2019, India exported a cotton fabric of US$3.99 billion. Also the Cotton made-ups of US$ 5.58billion and cotton fabrics of US$ 1.74billion.
The various prestigious brands, which is working in the world. like Walmart, Tommy Hilfiger, Levi Straus, Macy’s, Marks & Spencer, Metro Group. and lots of companies like this are the regular importers of Indian cotton textile. This thing shows the value of Indian textile in the overseas market.
To know more please visit – What is the Indian textile export? Textile export of India.
FDI and Other Investments
India is a developing country so we have are very limited resources to grow fast.
To generate that much of resources we need help from other countries and from some local investors.
To develop the resources from this person India has developed some policies like FDI (Foreign Direct Investments) and some motivational schemes to attract the local investors.
First of all, we will discuss FDI in various sectors. Indian investment is going to reduce. or the experience of the Indian textile industry is not capable to develop the segment.
to overcome these things the government of India asks foreign investors. and try to create the required atmosphere.
In the current situation, the base of the Indian cotton textile industry. which is the farmers is very bad. so to improve their condition the government of India provided the freedom of 100% FDI.
Also, some other facilities are provided by the government to foreign investors like the ease of bushes registration, ease of doing bushes. Etc.
From the year 2000 to 2019 textile industry got success to attract US$3.19billion.
Indian is the world’s second-largest cotton textile producing and third-largest cotton textile exporting country.
This means the transaction in the cotton field is very high in India. if transactions are high then there is a need for some strong policies, that can manage and protect this industry. So to fulfill this requirement government of India has developed some policies.
If we talk overall or the overlook of the policies then it looks like export friendly. and trader’s friendly policies. The government has established The Cotton Textile Export Promotion Council or (TEXPROCIL). Policies of government are developed by kipping some points in mind which are.
- Development of the Indian cotton textile industry in such a way that it will nurture and maintain the position as a global laver manufacturer and exporter of textiles.
- to maintain the leading position in the domestic market also
- Development of the skill base of weavers and craftsmen.
- To increase FDI and R & D in this sector and so on.
The main policy of the government for the cotton textile industry is to increase the overall production of cotton also increase the quality of cotton.
Top Brand Working In Cotton Textile Industry
Today all industries are work for raising the profit and companies’ value is depends on its valuation. By the valuation, the following are the top cotton textile companies or top textile brand.
List of top brands
- Vardhman Textiles Ltd.
- Nippon Spinners
- Indo Count
- Ambika Cotton
- Suryalakshmi Co
- Morarji Text
- Kallam Spinning
- Vishal Fabrics
To know more please visit – Clothe worn in India, Introduction of Indian clothing 2020
Future of Indian Textile Industry
As we know India is the second-largest textile producing and third largest textile exporter country in the world.
That’s why it will be very interesting to see what will happen in the future. but now, in my opinion, the future of the Indian textile industry will be bright.
one of the reasons behind this continues incising domestic demand. because of increasing purchasing power and continues increasing export demand. this both will help to grow the Indian textile industry.
Interest of external retail leaders
Currently, the world leaders of the retail market are entering India.
And some statistics report showing the positive growth in the Indian retailer market. This is the positive indications for the future of the Indian textile industry.
As the statistics are showing positive growth in the future textile market. so market leaders of the textile market have announced, for increasing the investment in the textile market.
Some of the examples are Trident, Welspun, Nandan Denim, KPR Mills, RSWM, and so on.
A Short Introduction to Vardhman Textiles
To study the Indian cotton textile industry it is necessary to know one best example company so now we are going to discuss the Vardhman Textiles.
- Chairman of Vardhman Textiles. – Shri Paul Oswal
- Net sales turnover of Vardhman Textiles. in March 2019 was ₹6414.58crores in March 2018 it was ₹5851.37.
- Vardhman Textiles Founded by Lal Ratanchand Oswal in 1965
When the Vardhman Textiles company was started in 1965 there were 6000 spindles in the company.
Today Vardhman textiles have the largest vertically integrated textile group in India. Manufacturing Fiber, Yarn, Sewing Trades, Fabric, Garment, Special steel.
Some achievements of Vardhman Textiles
- Currently, Vardhman Textiles has 1.1Million spindles and Counting.
- Production is 20,000 tons of acrylic fiber per annum.
- Production of sewing Trade is 43MT per day at Vardhman Textiles.
- Yarn production is 580 tons per day at Vardhman Textiles.
- Vardhman Textiles produces Per annum weaves 180million meter of fabric.
- Above 500Nos shirts craft per day at Vardhman Textiles.
- Produces 120,000 tons of special steel per year.
- This is an above 1.1billion company as per the 2015 valuation.
- They have a 22manufacturing facility across 6 states.
- Vardhman Textiles have 28,000+ workforce.
- More than 65 countries are the customers of Vardhman Textiles.
- Vardhman Textiles have completed more than 50years in the market.
- Vardhman Textiles have their woolen brand as Oswal.
- Indian cotton textile industry is one of the largest textile industries in the world.
- Nearly 60% of the total market is of cotton textile in India.
- India is the third-largest textile exporter in the world and 60% of total export are cotton products.
- There are 100% of FDI is allowed in the Indian textile market.
- The policy of the government is to increase the total production and quality of the textile.
- Vardhaman textile id the top textile company in India.
- The future of the Indian textile industry is bright.
- Vardhman company is grown because of its strong designs only.
The Indian textile industry is situated nearly in 80 towns. but the Maharashtra and Gujrat have a very big number of industries.
Maharashtra is the largest textile industry in India.
Ahmadabad of Gujarat is known as the Manchester of India.
The first cotton textile industry was found in the year 1818.