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Home textiles present huge opportunity after garments
Home furnishing is being the next big opportunity after garments for textile players....more
by Textile Excellence
View more news from [ Mumbai ] [ India ]
Home furnishing is being the next big opportunity after garments for textile players. Exports of home textiles - bed, bath and kitchen linen - have zoomed over the past six months, after the dismantling of quotas, sparking off a fresh wave of investment in the segment.
Larger players, such as Welspun India and Abhishek Industries, are sinking big money into expanding capacities. Smaller companies, some of whom are in


unrelated businesses, are also foraying into home textiles - Gangotri Textiles, KG Denim, S Kumars Nationwide, Bannari Amman Spinning, to name a few.
In exports, Indian textile companies have not put enough wide-width capacity due to quota issues, but now there are more than 15 new projects coming up and India's share (currently at 7.3 per cent of world trade) is bound to grow. KSA Technopak expects India's home textile exports to grow from US$1.2 billion now to US$5 billion by 2010.
 



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