Project report for Textiles

The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 280 billion by 2021. India’s textiles industry contributed seven percent of the industry output (in value terms) of India. It contributed two percent to the GDP of India and employs more than 45 million people in 2019-20. The sector contributed 15 percent to the export earnings of India in 2019-20. The production of raw cotton in India is estimated to have reached 34.9 million bales in FY20. 

The Indian retail market was worth Rs 41,66,500 crore (the US $641 billion) in 2016 and is expected to reach Rs 1,02,50,500 crore (the US $1,576 billion) by 2026, growing at a Compound Annual Growth Rate (CAGR) of 10 percent. It is envisaged that the current fashion retail market worth Rs 2,97,091 crore (the US $46 billion) will grow at a promising CAGR of 9.7 percent to reach Rs 7,48,398 crore (the US $115 billion) by 2026. . The Indian Textile Industry contributes approximately 2 percent to India's Gross Domestic Product (GDP), 10 percent of manufacturing production and 14 percent to overall Index of Industrial Production (IIP).

The retail shop / online selling point is located at the busy street and having a prominent location for getting good visibility.

The firm is focused on selling quality clothes. It is having an online presence in leading online portals as well as a retail shop in the leading commercial space of the town.

The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand, with consumerism and disposable income on the rise, the Indian economy, one of the fastest-growing economies of the world, is witnessing major shifts in consumer preferences. Increasing disposable income, brand awareness, and increasing tech-savvy millennial population are the driving factors of corporatized retail within the country. Overall, the Indian retail scenario has shown sustainable long-term growth compared to other developing economies.

The Indian retail market was worth Rs 41,66,500 crore (US $641 billion) in 2016 and is expected to reach Rs 1,02,50,500 crore (US $1,576 billion) by 2026, growing at a Compound Annual Growth Rate (CAGR) of 10 percent. It is envisaged that the current fashion retail market worth Rs 2,97,091 crore (US $46 billion) will grow at a promising CAGR of 9.7 percent to reach Rs 7,48,398 crore (US $115 billion) by 2026. DSR SAI is investing around 45 lakhs in the project and looking at a loan of 28 lakhs in total. The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion by 2019. India’s textiles industry contributed seven percent of the industry output (in value terms) of India in 2017-18. It contributed two percent to the GDP of India and employs more than 45 million people in 2017-18. The sector contributed 15 percent to the export earnings of India in 2017-18.

The production of raw cotton in India is estimated to have reached 34.9 million bales in FY18. The Indian retail market was worth Rs 41,66,500 crore (US $641 billion) in 2016 and is expected to reach Rs 1,02,50,500 crore (US $1,576 billion) by 2026, growing at a Compound Annual Growth Rate (CAGR) of 10 percent. It is envisaged that the current fashion retail market worth Rs 2,97,091 crore (US $46 billion) will grow at a promising CAGR of 9.7 percent to reach Rs 7,48,398 crore (US $115 billion) by 2026