Retail
The Indian textile and apparel market reached a value of US$ 197.2 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the Indian textile and apparel market are using organic cotton, recycled polyester, and biodegradable fabrics that have a lower carbon footprint. They are also developing vegan leather and plant-based faux fur to prevent animal cruelty and minimize the implementation of unethical practices in rearing animals. Moreover, key players operating in India are focusing on reducing the utilization of various toxic chemicals in the textile processing and dying method to decrease water pollution. They are also investing in research and development (R&D) activities to capitalize on the increasing demand for recycled textiles on account of rising environmental concerns, depletion of raw materials, and the growing greenhouse gas emissions from textile and apparel production. Looking forward, the market value is expected to reach US$ 592.7 Billion by 2032, growing at a CAGR of 12.6% during the forecast period (2024-2032).
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The Indian textile and apparel market has several major players including Welspun Group, Vardhman Textiles Limited, Alok Industries Ltd., Raymond Limited, The Bombay Dyeing and Manufacturing Company Limited, and Garden Silk Mills Private Limited. More information about these companies has been provided below.
Establishment: |
1985 |
Headquarters: |
Mumbai, India |
Website: |
https://www.welspun.com/ |
Welspun Group has a presence in over 50 countries with manufacturing facilities located across the globe. It is committed to sustainability and has implemented several initiatives to reduce its environmental footprint. It has partnered with leading academic institutions and research organizations to develop cutting-edge materials and manufacturing techniques that help in staying ahead of the competition. It has received several awards and accolades for its contributions to business, innovation, and sustainability.
Establishment: |
1973 |
Headquarters: |
India |
Website: |
https://www.vardhman.com/ |
Vardhman Textiles Limited offers a diverse range of products including yarn, fabric, and garments. It operates multiple manufacturing plants in various locations across India and has a global presence. It has implemented advanced technologies in its manufacturing processes to improve efficiency and quality, resulting in a highly competitive product portfolio. It has implemented several social responsibility programs, including education and healthcare initiatives.
Establishment: |
1986 |
Headquarters: |
Mumbai, India |
Website: |
https://www.alokind.com/ |
Alok Industries Ltd. is a leading integrated textile manufacturer that has a wide range of products including yarn, fabric, home textiles, and apparel, and operates multiple manufacturing plants across India. Its strong foothold in the textile and apparel industry is a result of its commitment to innovation and quality. It has financed heavily in research and development to create new and advanced products that meet the evolving needs of the market.
Establishment: |
1925 |
Headquarters: |
Mumbai |
Website: |
https://www.raymond.in/ |
Raymond Limited is one of the oldest and most iconic textile companies and has operations in over 60 countries across the globe. Its product portfolio includes suiting fabrics, shirting fabrics, denim, and apparel for men, women, and children. It is recognized for its high quality products, innovative designs, and strong brand image. The company trades a chain of retail stores under the brand name 'The Raymond Shop,' which offers a wide range of products including clothing, accessories, and grooming products for men.
Establishment: |
1879 |
Headquarters: |
Mumbai |
Website: |
https://bombaydyeing.com/ |
The Bombay Dyeing and Manufacturing Company Limited is a prominent Indian textile company that has a rich history of manufacturing and exporting high-quality textiles, including bed linen, towels, blankets, and rugs. It has a widespread distribution network across India and established a presence in the international market. Its sustainability efforts include the use of renewable energy, water conservation, and waste reduction.
Establishment: |
1979 |
Headquarters: |
India |
Website: |
https://www.gardenvareli.com/ |
Garden Silk Mills Private Limited is a leading Indian textile company that has a variety of products including fabrics, sarees, and dress materials, and operates multiple manufacturing plants across the country. It has a significant presence in the domestic market and exports its products to over 60 countries. It has invested extensively in research and development (R&D) to create new and advanced products that cater to the changing needs of the market. It has achieved several awards for its innovative products and sustainable manufacturing practices. The company has set up a wind power plant that generates renewable energy, and recycles and reuses water in its manufacturing processes.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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