OCTOBER - 202419The Indian textile and apparel industry has the significant role to play in the country's economy by offering large contributions to employment, exports, and even at large, an impressive percentage of GDP. Being one of the world's largest textile manufacturers, India enjoys deep roots for its history of craftsmanship along with wide varieties of raw materials such as cotton, silk, and jute. The sector contributes nearly 12% of the total exports of India and, therefore, provides huge employment to millions of people mostly in the rural areas.This industry promises exciting growth prospects in the future, driven by factors that include increasing demand within this market at both local and global levels for sustainable and eco-friendly products forcing producers to embrace new practices and, most importantly, the growth of e-commerce, which has been able to increase access into this market, opening it up to smaller manufacturers in larger strides.The Production-Linked Incentive scheme is one such government initiative that can help increase manufacturing and attract more foreign investment, thereby making the sector competitive on a global scale. Also, further advanced technology production processes and digital marketing strategies will enhance operations and profitability.In the global textile supply chain, India is aims to elevate its status, the integration of modern technologies, sustainability practices, and skilled workforce development will be vital. In summary, the textile and apparel sector is poised for significant growth, contributing to India's economic landscape while adapting to the evolving market demands. Modern technology, sustainability practices, and a capable workforce are expected to raise India's status in the global textile supply chain. In sum, the textile and apparel industry is on the cusp of explosive growth, contributing to India's economic scenario while responding to changing needs in the market.India Manufacturing Review in this issue presents a list of 'Top 10 Textile & Apparel Manufacturers in India - 2024' who have leveraged their extensive industry expertise and experience in offering high quality products in the industry. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts, and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products.TEXTILE & APPAREL MANUFACTURERS IN INDIA - 2024INDIAREVIEWTOP 10
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