The size of the Indian textile market is expected to reach $250 billion by the end of 2019, from $150 billion now. The textile commissioner mentioned that they see a tremendous potential of growth in the textile industry which is expected to reach new heights in the coming two years. The current domestic market is estimated at $110 billion while the exports at $40 billion.
A lot of buoyancy has been created in the past two years and various schemes have been launched that not only upgrade the technology but also allow ease of raising finance towards the sector. The center had announced a capital investment subsidy for segments like weaving, garment and technical textile and makeup, which has significantly helped the sector.
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