Arvind Kumar

While India’s exports of cotton yarn, fabrics, made-ups and handloom products in April this year were worth $1158.08 mn, an 8.72 percent year-onyear (YoY) rise, those of man-made yarn, fabrics and made-ups were worth $458.59 mn – an 8.02 percent YoY rise. Overall exports continued robust growth in the month, with merchandise exports crossing $40 bn. The April 2022 merchandise export figure is 30.7 percent higher than the April 2021 figure of $30.75 bn.

With a view to attracting investment, boosting employment generation and increasing production, the Government has approved the Production Linked Incentive (PLI) Scheme for Textiles and the Pradhan Mantri Mega Integrated Textile Region and Apparel Parks (PM-MITRA) Scheme for setting up 7 Mega Textile Parks over a period of 3 years. The PLI scheme for textiles will promote the production of high-value man-made fibre (MMF), garments and technical textiles in the country.

India is the world’s second-largest exporter of textiles and apparel with a massive raw material and manufacturing base. The textiles and garment industry in India is a significant contributor to the economy, both in terms of its domestic share and exports. It contributes about 7% to industry output, 2% to the GDP and 15% to the country’s total export earnings.