Fabrics plays an important role in the Indian economy as the country’s textile industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn and the Indian textile industry contributes about 11 percent to industrial production, 14 per cent to the manufacturing sector, 4 percent to the GDP and 12 per cent to the country’s total export earnings. The cotton cultivation in India in stands 12.25 million hectares this year (2014-15) against about 11.5 million hectares last year (2013-14). India is also the second largest producer of cotton worldwide.
During 2013-14 in India, cotton yarn production increased by two per cent and cloth production by mill and power loom sector increased by five per cent and six per cent respectively.
The states of Gujarat, Maharashtra, Andhra Pradesh (AP), Haryana, Punjab, Madhya Pradesh (MP), Rajasthan, Karnataka and Tamil Nadu (TN) are the major cotton producers in India.
Key Markets and Export Destinations
- The value of cotton yarn exported from India in the period April—December 2014 was estimated at US$ 2,906.43 million, while that of cotton fabrics and madeups in the same period stood around US$ 4,128.78 million.
- India has overtaken Italy and Germany, and is now the second largest textile exporter in the world.
- India was the third-largest supplier of textiles and clothing to the US in 2013, contributing about 6.01 per cent of its total imports.
- China is the biggest importer of raw cotton from India. The other major cotton importing countries from India are Bangladesh, Egypt, Taiwan, Hong Kong among others.
Various reputed foreign retailers and brands such as Carrefour, Gap, H&M, JC Penney, Levi Strauss, Macy’s, Marks & Spencer, Metro Group, Nike, Reebok, Tommy Hilfiger and WaI-Mart import Indian textile products.
Source : http://www.ibef.org