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Related Keywords: decor, domestic market is currently estimated at USD one hundred ten billion, exports at USD forty billion, garment, Indian textile industry, Made ups, market size expected to touch USD two hundred fift billion, next two years, sixth edition of HGH India, Textile Commissioner Kavita Gupta, trade show for home textile, tremendous growth potential

The Indian textile industry see tremendous growth potential and it’s market size is expected to touch USD 250 billion in the next two years from USD 150 billion now. The domestic market is currently estimated at USD 110 billion and exports at USD 40 billion, said Textile Commissioner Kavita Gupta speaking after inaugurating the 6th edition of 'HGH India 2017', the annual trade show for home textiles and home décor held in Mumbai

Related Keywords: geo and agro textiles, set for demand taking off, Technical textiles or functional textiles, Textile Commissioner Kavita Gupta, thrust area for the Government, used in infastructure projects, value addition involved

Technical textiles or functional textiles a thrust area for the Government because of the value addition involved is all set for demand taking off for products such as geo and agro textiles, said Textile Commissioner Kavita Gupta. It can be used in infastructure projects, including ports, roads, and railways, and in sectors such as agriculture. They want to promote use of textile products that will improve productivity, health standards, and infrastructure.

Related Keywords: better incentives, compared to the domestic rates, consumption of cotton discussed, Cotton Advisory Board, cotton production, especially in the central and the southern zone, export, farmers shifting to other crops, import, international cotton prices weak, production, state-wise area, Textile Commissioner Kavita Gupta

Cotton production is estimated to be 338 lakh bales in the 2015-16 season (which began on October 1) from 386 lakh bales in the previous year as the area under cotton has decreased to 119.10 lakh hectares this season compared to 128.46 in the previous year.

This is mainly as farmers are shifting to other crops, like pulses, where they are getting better incentives, especially in the central and the southern zone, said Textile Commissioner Kavita Gupta.

Related Keywords: CCI, drop in production, higher demand from Bangladesh, Higher exports will cap global prices, Indian cotton, MSP, offset poor demand from China, Pakistan and Vietnam, pilot project for Maharashtra farmers, raise domestic prices, Textile Commissioner Kavita Gupta

Textile Commissioner Kavita Gupta after a meeting of the state-run Cotton Advisory Board on Tuesday said that they are expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.

India, the world's biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 percent from a year ago as demand from Asia is expected to improve, a senior government official said.

Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the support price.