India’s textile and apparel sector is projected to expand from US$ 172.3 billion in 2022 to US$ 387.3 billion by 2028, at a CAGR of 14.59 percent. It is a cornerstone of the Indian economy, contributing approximately 2 percent to the GDP, (US$ 70 billion).
India is organizing prestigious BharatTex 2024 at Delhi where consortium of Textile Export Promotion Councils will showcase “Brands of India’. The CMAI Brands of India pavilion will be at Hall 12A, Bharat Mandapam, New Delhi, from February 26 to 29, 2024. It has the full support of Ministry of Textiles.
The ‘Brands of India’ pavilion by CMAI has been established to present to the international community the calibre of apparel brands that India has developed and nurtured. It will showcase 100+ leading apparel brands like Arvind, Zodiac, Raymond, Killer, Fab India, Biba, Ancestry, Color Plus, Manyavar, Kora, Dollar, Macho, Lux, Monte Carlo, Pepe Jeans London, Octave Mettle, Mexico Jeans, Sin, Rupa, Siyaram’s, Oxemberg, J. Hampstead, Spykar, Westside, US Polo, CK, Tommy, Celio, Buffalo, Lee Cooper, Integriti, Lawman Pg3, Monte Bianco, and many others.
“Aligned with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ movements, the ‘Brands of India’ initiative by the CMAI marks a critical advancement in establishing a platform for Indian apparel brands to penetrate global markets. Despite Indian apparel brands reaching competitive pricing with adherence to international standards of quality, a significant portion of exports continue to be marketed under the labels of the buyers. This accentuates the pressing need for a specialised platform to enhance the global visibility of Indian apparel brands according to an official CMAI.
Textile sector is a vital source of employment in India, second only to agriculture. It directly employs 45 million people, with an additional 100 million in related industries. Globally, India ranks as the 5th largest exporter of textiles and apparel, 5 percent share in global trade for the sector in 2022-23. India achieved a record export value of US$ 35.58 billion in textiles and apparel, including handicrafts, in the financial year 2023. The exports of ready-made garments (RMG) reached US$ 16.19 billion in FY23.
