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Umesh Y

Stealth • 6m

The broader textile spectrum is experiencing amplified growth the world over. The sheer size of the industry is a case in point. The worldwide textile industry size was valued at USD 993.6 billion in 2021 and is tipped to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Mounting demand for contemporary apparel coupled with the emergence of e-commerce platforms is driving the market growth over the forecast period. The textile segment operates on three major principles – designing, production, and distribution of different raw materials, including yarn and clothing. A host of sub-processes spanning knitting, crocheting, weaving etc., are commissioned to produce a wide range of finished and semi-finished goods in the form of bedding, clothing, apparel, medical, and other accessories.

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Largest Exporters of Textile & Apparel 2022 (%):👕🧥 🇨🇳 China, Hong Kong: 34.4% 🇧🇩 Bangladesh: 6.2% 🇻🇳 Vietnam: 5.6% 🇮🇹 Italy: 4.4% 🇩🇪 Germany: 4.2% 🇮🇳 India: 4.0% 🇹🇷 Turkey: 3.7% 🇺🇸 U.S: 3.2% 🇪🇸 Spain: 2.2% 🇳🇱 Netherlands: 2.1%

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Mahendra Lochhab

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Jamsetji Tata is known as the father of Indian industrialization. In 1868, he founded a commercial textile company that eventually became The Tata Group.

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Mahendra Lochhab

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