Italian textile machinery industry can take advantage of the enormous growth of India's textile industry

摘要

India's Textile & Apparel Industry (domestic and exports) is expected to grow from current Rs 3,27,000 crore ($ 70 billion) to Rs 10,32,000 crore ($ 220 billion) by 2020. The Indian domestic Textile and Apparel market size in 2009 was Rs 2,18,570 crore ($ 47 billion) and is expected to grow @ 11% CAGR to reach Rs 6,56,000 crore ($ 140 billion) by 2020. In the textile sector, Home Textiles and Technical Textiles will be growing @ 9% & 10% CAGR respectively until 2020. India's Home Textiles market which is estimated at Rs 15,570 crore ($ 3.5 billion in 2009) is expected to reach Rs 40,000 crore ($ 9 billion) by 2020, growing @ 9% CAGR. India's Technical Textiles market is estimated at Rs 49,000 crore ($ 10.5 billion) in 2009 and is expected to reach Rs 1,46,000 crore ($ 31 billion) by 2020, growing @ 10% CAGR.