India’s Home textile exports increased to $7.34 billion in 2021, owing to a receding pandemic and nations adopting the ‘China Plus One’ approach.
With 58 percent of overall export value, the United States emerged as India’s largest export destination. India’s domestic textile exports to the EU brought in $2.60 billion in income.
India’s domestic textile exports to the United States surpassed Bangladesh’s $450 million in 2021 and Vietnam’s $ 17.77 million. In 2021, India’s linen exports increased 45.83 percent to $2.45 billion. In contrast, China’s linen exports in the four aforementioned categories fell 17.58 percent to $889.64 million in 2021 from $1.08 billion in 2019, despite a 15.60 percent increase in shipping compared to 2020.
Welspun Group, the largest player in the market, is on track to meet its $1 billion sales projections for the first nine months of the current fiscal year, with revenues rising 35.80% to $955 million.
In the following months, it will extend its production base by increasing capacity in towels, beds, rugs, and carpets.