We encourage top fabric makers outside India to take advantage of the fast growing textile and apparel market. Technical textiles market is expected to grow at the fastest pace as seen the chart below.
As per IMARC group, The Indian textile and apparel market was worth US $ 102.2 Billion in 2018. The market is further projected to reach US $ 225.7 Billion by 2024.
Current foreign textile players in the OTC market
Popular foreign brands like Luthai and Soktas are doing a total business of US$ 27 Million per year in India and growing steadily year after year. These numbers are only of the over the counter retail sales business.
We see a very bright future for sustainable, organic & functional fabrics in the next 5 years from 2021 to 2026 in India.