Press release
Indian Textile Market Growth, Size, Report & Forecast to 2020-2026
Indian textile market is expected to exhibit a rapid CAGR during the forecast period (2020-2026). The driving factors for the Indian textile market include strong domestic consumption, strong export demand, rise in consumerism and higher disposable incomes, and entry of several foreign players including Guess, Next, and Marks & Spencer.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/indian-textile-market
However, the onset of the COVID-19 crisis and its aftermath will result, among other things, stagnant, if any, growth, in both textile exports and imports. According to EMIS Insights, the exports and imports of all textile categories will grow at rates below 1% over the forecast period FY2020 to FY2024. On 17 March 2020, the Confederation of Indian Textile Industry (CITI) called on the government to adopt measures targeting labor-intensive textile businesses such as the extension of soft loans, and a moratorium on the repayment of principal and interest on loans for four quarters.
A Full Report of Indian Textile Market is Available at: https://www.omrglobal.com/industry-reports/indian-textile-market
In the southern parts of India, the summer season started in February, but was brought to a sudden halt with the pan-India coronavirus related lockdown, announced on 24 March 2020. As of August 2020, it is unclear how long the pandemic will last, and definite estimates of the prospects for the Indian textile industry are hard to make. It can be expected that textile companies will be cash-strapped after the crisis and orders will take time to return to pre-COVID-19 volumes. Supply chains with China, regarding both exports and imports, have also been interrupted and will take time to resume.
Market Coverage
The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Material and Application
Country Covered- India
Competitive Landscape – Arvind Mills, Lakshmi Mills Company, Reliance Textiles, Vardhman Textiles Limited, and Welspun India
Key questions addressed by the report
What is the market growth rate?
Which segment/region dominates the market in the base year?
Which segment/region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Indian Textile Market Report Segment
By Material
Cotton
Jute
Silk
Synthetic
Wool
Others
By Application
Fashion and Clothing
Industrial/Technical
Household
Company Profiles
Arvind, Ltd.
BSL, Ltd.
Grasim Industries, Ltd.
Himatsingka Seide, Ltd.
K P R Mill Ltd
Lakshmi Mills Company
Nitin Spinners, Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/indian-textile-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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