Project Report For Textiles
The project report for Textiles is as follows.
The Indian textile market is valued at around US$ 150 billion, is projected to cross US$ 250 billion by 2019. India’s textile industry produced 7% of India’s industrial production (in terms of value) in 2017-18. It added 2% to India’s GDP, hiring upwards of 45 million people in 2017-18.
The industry contributes 15% of India’s total exports in 2017-18. The output of raw cotton in India is forecast to reach 34.9 million bales in the year 18.
The Indian retail market amounted to Rs 41,66,500 crore ( US$ 641 billion) in 2016 and is projected to cross Rs 1,02,50,500 crore ( US$ 1,576 billion) by 2026, rising at a rate of 10%.
It is foreseen that perhaps the existing fashion retail sector valued at Rs 2.97.091 crore ( US$ 46 billion) would expand at an encouraging CAGR of 9.7% to cross Rs 7.48.398 crore ( US$ 115 billion) by 2026.
The Indian textile industry constitutes nearly 2% to nation’s Gross Domestic Product ( GDP), 10% to output and 14% to the Industrial Production Index (IIP) as a whole.
Market potential & Strategy
More than 500 pharmaceutical companies are active in Haryana state. Around 200 out of 500 units manufacture Ayurvedic medicine.
India has been a preacher of Ayurvedic medicines since prehistoric times, and its use for humanity.
Previously, their use has been restricted only to rural areas, but due to the rising adverse effects of allopathic medicines, use of such medications has increased both in rural and urban areas and the demand for these medicines has risen to date.
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