'Make in India' targets textile and clothing investment
India’s campaign seeks to boost high tech manufacturing
The Indian government is trying to attract higher levels of investment into the country’s garment and textile industry through its new 'Make in India' campaign.
The professed aim of the new programme – which spans all industries but does not detail specifics on incentives – is to transform India into a global manufacturing hub, with clothing and textiles at the heart of the strategy.
The campaign points out that India’s textile industry has 24% of the world’s spindle capacity and 8% of global rotor capacity, as well as the highest loom capacity (including hand looms) with a market share of 63%.
India produces 14% of the world’s textile fibre and yarn, and is the largest producer of jute, as well as being the second largest producer of silk and cotton.
Make in India also highlights the country’s “strong production base of a wide range of fibre/yarn”, from natural fibres such as cotton/jute, silk and wool, to synthetic/man-made materials such as polyester, viscose, nylon and acrylic.
Beyond manufacturing, the campaign is keen to emphasise the increased penetration of organised retail into the sub-continent, alongside favourable demographics and rising income levels – all of which should drive increased textile demand.
Investment opportunities, it adds, range across the industry from value-added and speciality fabrics to fabric processing set-ups, technical textiles, garments and retail brands.
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