List of Profitable Manufacturing Business Ideas in Textile, Apparel, Clothing, Denim wear, Innerwear, Lingerie, Hosiery, Denim Jeans, Readymade Garments, and Under Garments Industry.

India’s textiles sector is one of the oldest industries in Indian economy dating back several centuries. Even today, textiles sector is one of the largest contributors to India’s exports with approximately 13 per cent of total exports. The textiles industry is also labour intensive and is one of the largest employers. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale.

The textiles industry has made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings. The sector contributes about 14 per cent to industrial production, 4 per cent to the gross domestic product (GDP), and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people. The textiles sector is the second largest provider of employment after agriculture. Thus, growth and all round development of this industry has a direct bearing on the improvement of the India’s economy.

The textile industry employs about 45 million people directly and 20 million people indirectly. India's overall textile exports during FY 2015-16 stood at US$ 40 billion.

The Textile industry occupies an important place in the Economy of the country because of its contribution to the industrial output, employment generation and foreign exchange earnings. The textile industry encompasses a range of industrial units, which use a wide variety of natural and synthetic fibres to produce fabrics. The textile industry can be broadly classified into two categories, the organized mill sector and the unorganized mill sector. Considering the significance and contribution of textile sector in national economy, initiative and efforts are being made to take urgent and adequate steps to attract investment and encourage wide spread development and growth in this sector.

The Indian textiles industry is extremely varied, with the hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital intensive sophisticated mills sector at the other end of the spectrum. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of the textile industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles make the Indian textiles sector unique in comparison to the industries of other countries. The Indian textile industry has the capacity to produce a wide variety of products suitable to different market segments, both within India and across the world.

Key facts related to Indian Textile Industry:

·         India’s textile sector covers everything from fibre to garments is the second-largest employment generation sector after agriculture, employing an estimated 32 million workers.

·         Textile industry not only provides livelihoods to millions of households, but is a storehouse of traditional skills, heritage and a carrier of heritage and culture too.

·         India’s textiles sector is one of the oldest industries in Indian economy.

·         Textile sector is one of the largest contributors to India’s export with approximately 11 per cent of total exports.

·         Textile industry is a labour intensive industry.

·         The textile industry consists of two broad segments- Organised and Unorganised sector. The unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. While the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale.

Importance of Textile Industry in India:

·         Textiles industry has made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings.

·         The sector contributes about 14% to industrial production, 4% to the gross domestic product (GDP), and 27% to the country’s foreign exchange inflows.

·         It provides direct employment to over 45 million people.

·         The textiles sector is the second largest provider of employment after agriculture.

·         Growth and all round development of this industry has a direct bearing on the improvement of the India’s economy.

The Indian textiles industry, currently estimated at around US$ 120 billion, is expected to reach US$ 230 billion by 2020. The Indian Textile Industry contributes approximately 2 per cent to India’s Gross Domestic Product (GDP), 10 per cent of manufacturing production and 14 per cent to overall Index of Industrial Production (IIP).

The Readymade Garment industry in India has historically been one of the most important segments of the textile industry in India. The Indian readymade apparel market is one of the largest contributors to India’s economy, providing millions with employment while making significant contributions to India’s annual GDP and export earnings. Today, India is the world’s 6th largest exporter of readymade garment products, registering over US$17 billion in readymade garment export value annually. Combining global demand that is at an all-time high, with much stronger support and preferential policies from the government, India’s readymade garment (RMG) industry is set to achieve rapid growth in the future.

The Readymade Garment sector is currently the largest contributor to India’s total textile and apparel exports, accounting for roughly 41%. Employment in India’s readymade garment industry now has around 12 million people, making it the largest employment provider for all sectors. This year, this number will increase to 12.9 million. Most of the workers employed in the readymade garment industry in India are women and mainly contributes about 4% of the Gross Domestic Product or GDP of India.

Ready-made Garments

Ladies innerwear (Bra and panties) is the highest growing apparel item across all income groups and exclusive boutiques have popped up in all places. Nothing cramps the style faster than ill-fitting and uncomfortable undergarments. Thus, innerwear are not only made attractive, but also comfortable and practical. Top stylists unchain their creativity by inventing fabulous new forms and materials which make ladies innerwear even more sexy, eccentric and wild, without leaving out elegance.

There has been an increase in demand for innovative, comfort-oriented undergarments and lately, many women are forgoing those fussy lingerie designs for simple, uncomplicated ladies undergarments. In addition to keeping outer garments from soiling, ladies innerwear are worn for a variety of reasons: warmth, comfort and hygiene being the most common.

The current size of the Indian innerwear market is Rs. 15,870 crores ($2.9 billion). The category is also growing at an impressive CAGR of 12 per cent and is expected to reach Rs. 27,900 crores ($5.1 billion) by 2017. The women’s innerwear market, which is driven by value-added innerwear products, contributes around 60 per cent to the market.

The women’s innerwear market worth Rs. 9,540 crores ($1.7 billion) is one of the fastest growing categories within women’s apparel. This category is growing at a CAGR of 14 per cent, and is expected to reach Rs. 18,380 crores ($3.4 billion) by 2017.

Undergarments

Denim

Demand : Past and Future
Year	(In Million Metre)
1990-91	13
2000-01	81
2001-02	94
2002-03	107
2003-04	121
2004-05	135
2005-06	150
2006-07	185
2007-08	210
2008-09	225
2009-10	270
2010-11	285
2011-12	325
2012-13	450
2013-14	490
2014-15	540
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