Apparels and Textiles Made-In-India, Exported to 100 Countries

Previous is silver, they say. This cliche perfectly matches our Indian textile and apparel sector. One of the oldest yet counted among the top most sectors of the country; the industry has developed in to being one of the largest foreign exchange earning sectors of the country.Today, the Indian textile and clothing industry makes up about around 4 per cent of the gross domestic product (GDP), 14 per cent of commercial production and over 137 of the country's total export earnings. Actually, the industry is observing unparalleled growth, providing employment opportunities to over 35 million people.The Indian textile industry is expected to be about US$ 52 billion and probably may accomplish US$ 115 billion by 2012. The local industry may also get a boost; from US$ 34.6 billion it may probably enroll US$ 60 billion by 2012. Actually, India's exports probably will increase from four or five to seven days in the upcoming years.India's textile exports have climbed up from US$ 19.14 billion in 2006-07 to US$ 22.13 billion in 2007-08, clocking a rate of over 15 per cent.Solution dyed fabric and Apparels, Made-in-India Export FiguresAs per the info released by Ministry of Textiles, textiles worth US$ 15.27 billion were exported by India all through April-December 2008.Textiles, hand looms and handicrafts made-in-India are exported to over 100 countries. In fact, US have become the biggest consumer of Indian textiles and apparels. Readymade clothes (RMG) made-in-India form almost 41% of total Indian textile exports. RMG exports were worth US$ 9.06 billion in 2007-08. All through April 2008-February 2009, RMG exports reached a figure of US$ 8.59 million, an increase of 4.86 % over the corresponding amount of 2007-08.Also, clothing has exploded in to the second largest retail classification in the united states. Apparently, the regional attire marketing industry is supposedly around US$ 2.7 billion and despite recession it is likely to grow at 5-7% in 2009-10.Textile and Apparel SourcingIndia is fast rising as the international textile and apparel-sourcing centre having its massive multi-fiber raw material base, well set manufacturing base, design proficiency and specialist work force.According to the Confederation of Indian Industry-Ernst & Young Textiles and Apparel Report 2007, the Indian sourcing market is projected to grow at an average rate of 12 % from an estimated market dimension of US$ 22 billion-US$ 25 billion in 2008 to US$ 35 billion-US$ 37 billion by 2011.Also, world's famous fashion manufacturers such as for example Hugo Boss, Diesel and Liz Claiborne are raising their sourcing from India.Government schemes to enhance the textile exportsIn an effort to increase India's share in the earth textile market, the government of India has launched lots of vital schemes like:o one hundred thousand FDI move via the automated route.o De-reservation of readymade clothes from the small-scale sectors sector in 2000.o In February 2000, Technology Mission on Cotton was introduced to ensure that quality raw material available at aggressive prices.o In 1999, Technology Upgradation Fund Scheme (TUFS) was launched to aid upgradation of the textiles industry. Now seeing its popularity it's been given further extension till 2011-12. An overall total of 18773 applications at a cost of US$ 24.91 billion have already been certified under TUFS upto March 31, 2008.o 40 fabric parks are being established under the Scheme for Integral Textile Parks (SITP) that may bring in expense worth US$ 4.38 billion.