India: Booming Opportunity

India - being a large textile manufacturing country and fastest growing large economy in the world, has enormous opportunities to strengthen its position in this business.

  • The country's textile industry friendly policies are fuelling growth, investment and adoption of technology in the recent years.
  • Centrally sponsored Technological Upgradation Fund Scheme (TUFS) & Scheme for Integrated Textile Park (SITP) are prime investment drivers.
  • State Govt.'s Textile Policies (for example: Gujarat, Maharashtra, Karnataka) rejuvenating textile industry and added benefits to investors.
  • All textile policies are simplified and investors can opt for dual benefits for same project subject to fulfilling the laid norms.
  • Textile machinery import draws minimum import duty and even duty-free import is possible for several categories of machines & technology.
  • The TUFS has leveraged investments of INR 2,43,721 crore (US$ 40 bln at current exchange rate) since its launch in April 1999.
  • The 12th Plan period (2012-17), TUFS is expected to generate investment worth INR 1,51,000 crore (US$ 25 bln at current exchange rate).


Supporting Medias
Textile Excellence Textile Excellence Bangladesh Textile Value Chain Textile Trends Journal Of Textile Association Indian Textile Journal Textile Graph Textile World Apparel Views Textile Mirror Fashion Job TAI TAI TAI DKTE Fashion Network Cotton Guru Global Textiles & Apparels Spinning Textiles Igmatex Trade India PDEXCIL
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