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Rapid urbanisation, rising incomes, aspirations for a better lifestyle, and the social and economic development of rural areas have resulted in an increase in demand for home textiles in quantitative terms, but qualitative transformation in terms of design, feel, and performance has resulted in further value addition and industry size beyond these numbers.
Not only has the Indian market increased in size, but Indian consumers are also demanding higher-quality, branded products with design advances.
The Indian home textiles market is growing, attracting multinational firms that have set up a business in India on their own or through collaborative ventures. This is due to rising levels of income among Indian consumers, who are now looking for high-quality home textiles.
Increasing household income, population growth, the growth of organised retail, and the development of end-use industries such as housing, healthcare, and hospitality are all propelling the Indian home textile industry forward.
The India Home Textile Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Indo Count Industries Limited, a renowned maker and exporter of home textiles, has completed the acquisition of GHCL Ltd.’s home textile business in Bhilad (Vapi), Gujarat.
DCM Textiles has begun a capacity expansion plant expansion operation that will expand the company’s spinning capacity. The expansion of the Hisar facility in Haryana would be totally financed by debt. DCM Textiles produces 100% grey cotton yarn as well as melange yarns, which are mostly utilised in knitting textiles and terry towel weaving.
Vardhman Textiles Ltd has decided to expand the company’s current spinning capacity. Internal accruals and loans will be used to raise the funds. The capacity expansion is being proposed in order to improve business synergy, gain a competitive edge, and fulfil rising demand.
