Blogger is veteran of 39yrs of Textiles Spinning Industry of India. Wonderful quality technology told with systems in given video.Just see step by step.Watch “How to spin Good quality Cotton Yarns? work with systems” on YouTube
Textile sector is the second largest employer after agriculture and it contributes 5% to India’s GDP, 7% of industrial output in value terms, 12% of the country’s export earnings.
China plus Strategy is playing out in the Textile Industry – China’s share in global T&A trade in 2019 was 34%. The share has come down from 39% in 2015.
The US banned entry of all products containing cotton from Xinjiang. This is bound to trigger a material shift in global apparel trade as China is the leading apparel exporter, accounting for more than 35 percent of the global trade and more than 80% of China’s cotton originates from the Xinjiang region. India surely stands to gain as it has a strong presence in the cotton value chain.
Region-wise diversification and players wise Consolidation – Decentralization as a theme is playing out in the industry after the crisis. Buyers are not keeping it set to one place region-wise. No one country in the company’s sourcing list will occupy a larger share.
Buyers want strategic vendors so they are consolidating their vendor base. For instance, H&M sources from 71 suppliers in India. Any consolidation in the vendor list of H&M means the elimination of small and tail-end suppliers. This will lead to gain in share by the larger companies, thus boosting their earnings.
Workplace safety is a big concern in Bangladesh – Many big brands are not comfortable in sourcing from Bangladesh due to poor working conditions.
The same also highlighted by many Indian garment players.
With abundance of raw material and presence across the entire value chain, India is in an advantageous position in home textile, kid garments, etc.
The Indian Textile Industry is expected to grow at a CAGR of 10% in the next 5 years. On the other hand, the growth rate of global textile is low.
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