Page 43 - Banking Finance July 2017

ARTICLE

Source: Ministry of Textiles, Make in India, Technopak,
TechSci Research, 2015-16
Source: Ministry of Textiles, Budget 2015, Tech Sci Research
(**data shown for FY16 is from April to September only)
Textile and apparel exports from India is expected to in-
crease to USD82 billion by 2021 and to USD65 billion by 2017
from USD41.4 billion in 2015 due to Favourable trade poli- The strong performance of textile exports is reflected in the
value of exports from the sector over the years. Textile ex-
cies and superior quality to drive textile exports
ports grew by 5.3 per cent to USD41.4 billion in FY15. How-
ever, there is a growth (CAGR) of 9.97 per cent over the
period of FY07 to FY15

Source: Ministry of Textiles, Make in India, Technopak,
TechSci Research , 2015-16

Source: Ministry of Commerce and Industry, DIPP, TechSci
Total cloth production in India is expected to grow to 112
Research, 2015-16
billion square metres by FY17 from 64.3 billion square metres
in FY15 due to Increase in domestic demand * FY16- Till September'15
The technical textile industry is expected to expand at a

Source: Technopak, Make in India, News articles, Ministry
of Textiles, TechSci Research, 2015-16

The size of India's textile market in 2014 was USD99.0 bil-
lion which is expected to touch USD226 billion market by
2023 at a CAGR of 8.7 per cent between 2009-23E

BANKING FINANCE | JULY | 2017 | 43

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