One of the most significant sectors in India is textile production. The industry that has produced the most workers in India, including both skilled and unskilled laborers, is textile, which comes in second to agriculture.
India is the world’s second-largest exporter of fiber, with over 35 million workers in India. Cotton is the primary material generated, and cotton makes up over 60% of all textiles. In addition to this, there is also jute, silk, and wool.
Numerous historical studies have shown evidence that the Harappan culture was conversant with spinning and weaving cotton, which dates the history of textiles in our country back to that period. Knitting and weaving have been mentioned in Vedic literature.
India’s textile industry, which is currently one of the most successful in the world and serves a variety of markets, is flourishing nowadays. Indian textiles are produced and exported to all corners of the world, whether used to make textiles or outfits for international investors.
Overview of India’s textile industry
There are 4.5 crore people employed nationwide by the multi-billion dollar Indian textile sector. According to industry, this places it as the second-largest exporter, accommodating top textile companies in India. There is a significant home market for Indian textiles.
Additionally, the export volume from other nations has grown dramatically over time. It is due to the premise that many manufacturers consider India as a center for their brand’s affordable production.
Before the epidemic in 2018–19, the sector made up 2% of the GDP in India. Additionally, the industry generated 5% of the world’s commerce in textile products and 12% of exporting revenue for the same period.
The fabric and textile industry was one of the most severely affected in the wake of the epidemic. As a result, the sector had few alternatives to prevent staff from going on lockdown. Additionally, many of their retailing customers saw a sharp decline in demand.
Considering the many difficulties the textile sector saw during the epidemic, they managed to adjust when it related to producing covid necessities. India is currently the world’s second-largest producer of PPE.
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Much governmental support has also been given to the sector and top textile companies in India. The industry has been made available to 100% FDI through the approval approach by the government. Over the period between April 2000 and March 2021, the sector earned $3.75 billion in investments.
The Indian clothing market, valued at $55 billion in 2020, is projected to increase at a CAGR of 10% to reach $135 billion by 2025.
Indian Design and Textile Trend Analysis
Midway through the 20th century, the Indian style began to develop without well-known manufacturers, designers, or companies. The clothing and design were appreciated more highly than who manufactured it or would wear it.
A style boutique in Mumbai and American labels introduced the concept of designer fashion in the 1980s. The fashion business expanded quickly at the start of the twenty-first century, leading to advanced innovators, designers, and a vast selection of practical styles.
The economy’s local and international style growth rate places a high value on Indian cultural patterns and fabrics. The reduced price and wide variety of styles are the primary advantages of India’s clothing and textile industries over rivals.
Top Textile Companies in India
Let’s review the Top Textile Companies in India now that we understand this $1 billion market better.
1. Trident Limited
Trident Ltd., a member of the Trident group, was established in 1990. The organization has grown to over three billion dollars in just three decades. The business is one of the top textile companies in India in the realm of bath and bed linen. The industry also produces chemicals and paper made from wheat hay in addition to these other activities.
Trident is the world’s biggest producer of terry towels when it refers to their fabrics sector. The business is also India’s third-largest fiber producer and the country’s second-largest participant in home textiles.
2. Welspun India Limited
Welspun India Ltd., one of the biggest producers of household fabrics worldwide, was established in 1985. The company’s product line comprises carpets, linens, towels, and bathrobes, among other things. Unlike other businesses on this list, Welspun generates most of its income from exports. Seventeen of the top retailers in the world receive their products from Welspun India, which gets the title of a top textile company in India.
3. Lux Industries Limited
Due to their ad campaigns, Lux Manufacturing may be one of the top textile companies in India. Lux Products is a hosiery company that was established in 1957. The business offers more than 100 items under 16 different brand names. Its brand names involve, among others, Lux Cozi, ONN, Genx, Lyra, and One8.
4. Bombay Dyeing
Nowrosjee Wadia founded Bombay Dyeing, a top textile company in India, in 1879. It was a tiny business, but now this textile company, which has its corporate headquarters in Mumbai, employs more than 10,000 people worldwide. This business has a net revenue of 310 Million dollars. One of the most important businesses in the Wadia Group is this one.
Various goods are available from this government business. It produces household goods, including linens, towels, and apparel for leisure and children. There are more than 2000 multi-brand shops and more than 350 unique Bombay Dyeing retail locations.
This firm is renowned for having the best fabrics and quality. It is famous for producing the highest-quality materials that follow the newest fashions. The things this top textile company in India are of the highest quality, and the prices are reasonable.
5. Vardhman Textiles
Since 1965, the company has been in business. Lala Rattan Chand Oswal established it. This business is located in Punjab, India’s Ludhiana. In the government sphere, this corporation has a $1 billion annual revenue. And over 25000 people work there.
Based on Statista source, Twenty-four industrial sites owned by this company are dispersed throughout 5 Indian states. This company offers yarn, gray and treated cloth, stitching thread, acrylic fiber, and alloy steel in its range.
The business produces 33,000 metric tons of woven fabric and 20,000 metric tons of acrylic yarn per year. At Baddi (HP), the company operates a grey cloth spinning facility with a daily capacity of 20,000 meters.
6. Arvind Mills
The top textile company in India as well_ known for fire safety manufacturing. This business was founded in Ahmedabad in 1931. It employs more than 42000 people. This business, which is in the government domain, has a 935 million annual revenue.
Processed fabrics and apparel are this company’s principal goods. The business is divided into various divisions, such as the fabric sector, which sells fabrics, fiber, and clothing. The firm has a label and retail sector that sells trademarked clothing, accessories, and textiles.
In addition to jeans and shirts, the factory also produces cotton shirting, jeans, knitwear, and lightweight (Khakis) textiles. This business has a division called Arvind Lifestyle Brands Limited. This affiliate sells trademarked clothing. This subsidiary’s brand portfolio comprises well-known global names like Arrow, US Polo, Izod, Elle, and Cherokee. The business runs a Megamart clothing discounted retail outlet.
7. Sutlej Fabrics
Sutlej Manufacturing Ltd Rajasthan Cotton Factories opened in 1993 in Bhawanimandi, Jhalawar. The purpose of this factory was to produce cotton thread. Founded in 2005 is Sutlej Cotton and Company Limited.
The top textile company in India is this one. It is present in the markets of more than 60 businesses. This company’s annual revenue is 370.49 million US dollars. One of the leading manufacturers of real-worth cotton in India is this business.
This business offers spun-dyed, cotton-blend, and cotton-melange-dyed fibers in its product line. It is the nation’s leading supplier of melange cotton. In India, it also manufactures specialized yarns, including Modal, Lyocell, and Tencel.
8. Raymond Limited
This corporation’s main office is in Mumbai. This business was founded in 1925. In the past and the future, it has been one of the top textile companies in India. Mr. Kailashpat Singhania’s ideas and skillful management made Raymond one of the nation’s most outstanding textile businesses.
This governmental market business currently generates 250 million dollars in revenue. More than 10,000 people work there. One of the leading industrial suit manufacturers in the world is this organization. It is one of the nation’s top retailers of labeled fabrics and clothing.
It has the potential to produce 31 million meters of fabrics made of wool and wool blends. The company manufactures jeans, trendy clothing, and textiles. There are retail locations not only in India but also in other countries. India’s Raymond textile industry is among the most highly regarded worldwide.
9. Grasim Industries Limited
Grasim Industries Ltd, one of the top textile companies in India, is a member of the Aditya Birla Group and has its headquarters in Mumbai. This government-owned business, founded in 1984, employs more than 6500 people. This business produces the most viscose staple fiber. This company has a 21% market presence and is the world’s second-largest viscose rayon yarn manufacturer.
This business has Grasim Bhiwani Textiles Ltd as a company. This business’s production facility is in Bhiwani, Haryana, while its company headquarters are in New Delhi. This company makes textiles made of polyester and viscose.
10. Reliance Fabrics
In the 1960s, Dhirubhai Ambani and Champaklal Damani jointly created this business. After the cooperation ended, Ambani kept running his own company. The firm entered the fabric industry in 1975. This company’s flagship product was Vimal.
The corporate headquarters of this government business organization are in Gujarat’s Ahmedabad. It employs more than 5000 people. The Reliance Group declared in 2012 that it would sell off the fabric business, including its well-known brand Only Vimal.
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