Home / Content / B2B Connect / Chemicals / Textile sector is set for robust growth, if it takes competition seriously

Textile sector is set for robust growth, if it takes competition seriously

Govt needs to give better incentives to industry especially for machinery upgradation & power rates

Premium

2 min read Last Updated : Apr 12 2019 | 11:35 AM IST

India is now a fast emerging market inching to reach half a billion middle income population by 2030. All these factors are good for the Indian textile industry in a long run. Even though the global economic crisis seems to be worsening day-by-day, as long as economies are emerging and growing as those in South and South East Asia, textile industry is here to grow provided it takes competition and innovation seriously.

The Indian textiles industry, currently estimated at around $ 108 billion, is expected to reach $ 223 billion by 2021. The industry is the second largest employer after

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in