Indian textile market to see strong growth with the government support

Related Keywords: cotton, domestic consumption, export demand, FDI limit, garment, Indian textile market, jute, promotiona visit, raw material, silk, sourcing hub, Textile, wool

New Delhi
Indian textile market to see strong growth with the government support
Summary: 
The textile market in India to see strong growth which will be further sustained by improved domestic consumption as well as increased export demand due to the abundant availability of raw materials, especially silk, jute, cotton and wool. Moreover, the industry growth has been driven by the presence of skilled workforce in the country which has made it one of the major sourcing hubs and the world’s second-largest producer of textiles and garments.

Textile & Apparel sector in India is an important contributor to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings, contributing 4% to India’s GDP in 2012, the sector has also attracted direct foreign investments worth USD 1.11 billion from April 2000 to February 2014.
 
Currently, the overall textile and apparel sector accounts for about 24% of world’s spindle capacity and 8% of global rotor capacity and is expected to touch USD 223 billion by 2021.
 

http://www.whatech.com/market-research-reports/press-release/24309-textile-market-in-india-all-set-to-grow-on-back-of-government-initiatives
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Cotton price expected to remain firm with good export demand

Related Keywords: cotton, Cotton Association of India, cotton price, export demand, NCDEX

Chennai
Cotton price expected to remain firm with good export demand
Summary: 
Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

http://www.mydigitalfc.com/commodities/higher-supply-export-demand-likely-keep-cotton-price-firm-890
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