TEXTILES & HANDICRAFT
AG focus on this sector is towards assisting corporations & state’s government to formulate policies. Conducting new research & creating the master plans for development of integrated textile parks. Our technology upgradation planning helps clients in development & export of products. Strategy towards seeking benefits from skill development schemes in field of power loom sector, jute, silk & wool sector & others.
About the industry
The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills sector on the other end. The decentralised power looms/ hosiery and knitting sector forms the largest component in the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce wide variety of products suitable for different market segments, both within India and across the world.
Indian government has come up with several export promotion policies for the textiles sector. It has also allowed 100% FDI in the sector under the automatic route. The future for the Indian textiles industry looks promising, buoyed by strong domestic consumption as well as export demand.