19 Jul 2022
Best Manufacturers of textile and apparel in the Patparganj industrial area
India has historically been famous for its textiles and had a flourishing textile industry. These companies are engaged in yarns, weaving, processing, and marketing of products. Textiles & garments companies that employ 45 million people in India are the second largest after the agriculture sector in terms of employment. This industry contributes close to 2% of the overall GDP of India.
Textile companies benefit from the vast pool of skilled manpower that India has and the domestic availability of raw materials such as cotton, wool, silk, and jute. Textile manufacturers will benefit from the fact that cotton production in India is expected to reach 7.2 million tonnes by 2030. These given, that Indian textile factories offer greater cost of production benefits as compared to other countries.
It is estimated that the Indian textiles market is globally the fifth largest market with a $20 billion turnover and an annual average growth rate of 8%. Textile companies in India have contributed immensely towards making India the world’s fifth-biggest Textile and Apparels exporter with a 4% share of the $840 billion global markets
The government on its side focuses on textile companies and facilitates textile manufacturers through the production-linked incentive (PLI) scheme worth $1.4 billion. Under this, incentives will be provided for five years for incremental production in 40 man-made-fiber (MMF) garments, 14 MMF-based fabrics, and 10 technical textile segments. The MMF fabrics that come under this incentive scheme include woven fabrics containing nylon, polyester, and other manmade fibers.
It is a non-profit organization in Patparganj Industrial Area which is one of the prime industrial hubs of the textile industry in Delhi-NCR. More than 20 textiles manufacturing companies exist in the association. These are into garments export, manufacturing of threads and selling of various categories of readymade garments. It is very widely spread into- readymade garment exporters, embroidery and stitching thread manufacturers, readymade garments sellers for loungewear, nightwear, lingerie, T-shirts Jeans clothing, thermals, scarfs, hosiery etc.