India Business Guide
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Textile Companies in India
Textile Companies in India: The textile business is among India’s largest foreign exchange earners. This sector has benefited significantly with the termination of the Multi-Fiber Arrangement (MFA) in January 2005. It employs over 35 million people. Indian textiles account for 14 per cent of its industrial production and about 17 per cent to the total export from India.
Readymade garments and carpets are large contributors to exports. India’s textiles and apparel industry is worth $49 billion where 39 per cent of the value is exported.
Cotton remains the most significant raw material and India is the second largest producer of the fiber in the world. Other fibers used are silk, jute, wool, and man-made fibers.
AT Kearney’s ‘Retail Apparel Index’ has ranked India as the third most promising market for apparel retailers.
The domestic textile market in India is witnessing strong growth owing to an increase in disposable income of the young elite, and a rapid growth in organized retail. International brands in India are aspirational and the companies with strong branding and high margins are already profitable.
There is increased collaboration between Indian and foreign companies such as Armani, Benetton, Esprit, Levi Strauss, Hugo Boss, Liz Clairborne.
S. Kumar Nationwide Limited is one of India’s leading textile and apparel companies. It claims to be the only textile major in the country that operates in all product categories – fabrics, apparel, and home textiles; all fiber categories – natural, man-made, and blended; and caters to all socio-economic segments of the Indian market, manufacturing over 200,000 meters a day.
Century Textiles and Industries of the BK Birla group. The company operates in four segments: Textiles, Pulp and Paper, Cement, and Others. The Textile segment provides yarn, cloth, garment, denim cloth, viscose filament yarn, and tire yarn.
- Bombay Dyeing
- Grasim Industries
- JCT Limite
- Lakshmi Machine Works
- Lakshmi Mills
- Mysore Silk Factory
This section contains several short lists of Indian Companies in some select industries. Please Contact Us if you would like expert help when selecting, approaching, and working with these, or any other, company in India.