Business opportunities in textile industry
Indian textile industry plays an important role in the economy of the country. It is one of the largest contributors to India’s export, approximately 13 percent of total exports. This industry also provides direct and indirect employment to approximately 105 million people. The textile industry is having a positive growth not only in the domestic market but also in the international markets. With such growth in this industry, the Indian Government is also providing all the help and support.
This industry is booming like never before. This is the best time, when you can try your luck in this industry. There are so many opportunities available for trading in textile business. It is a broad area to increase your earning.
What is Textile industry?
The Textile industry is basically concerned with the design, production and distribution or marketing of yarn, Fabrics or readymade clothing. “What we wear, what we use to decorate, where we sleep on, where we live with (home textile/decor) and many more, all comes under textile industry. The raw material can be natural or synthetic using products of the chemical industry. The biggest textile business is done in Surat, Gujarat.” Says Shalini Shreya , a textile designer.
There are many business opportunities in Textile industry. This industry is considered as a profitable for new and aspiring entrepreneurs. Here are some of the best business opportunities with minimum budget and infrastructure across India.
- You can start a cloth boutique store/showroom
A boutique store is one of the most profitable retail venture industry in India. It is a store where you can easily get fashionable ladies and kids wear garments. “Any entrepreneur can initiate this business but you need to have a proper sense of style trends and fabrics at least. Focus on your target audience and accordingly keep clothes.” says Ankur Ankita, a fourth year (textile Design) student at NIFT.
- A shop for the brides
One of the most trending businesses now-a-days are wedding planners, wedding photographers and all these cannot be completed without a wedding dress. “People spend a lot of money on their wedding dresses. It is the most trending retail business opportunity in clothing industry. You need to keep right collection with different price range to attract customers.” Says Shreya.
- Hand printed fabric clothing
Handmade items are always high in demand. People always prefer hand-printed fabric art. “Having skill in fabric art and drawing one can initiate this business home based with low start-up capital investment. You can also sell the items from an online marketplace directly by registering your business.” Says Alok Kumar, an intern at Arvind Mills.
- Customized T-shirts printing
The demand for customized stuffs especially t-shirts are increasing day by day. It’s a profitable business venture to start with small start-up capital. “In this business selecting the right machinery according to the desired output is the most important factor in this business. Also you must have the right network in this industry. Location is another important factor.” Says Ankita.
- You can start uniform manufacturing company
There are many educational institutes in India and many corporate offices which have uniform system. So, you can try this out. “If you are planning to set up uniform making company, then you have to contact business supply chain uniform wholesaler, retailer and shops. Location is an important factor in this textile business.” Says Shreya.
- Cloths available on rent
For attending some distant relative’s function, you might not want to buy expensive cloths. People planning to start any business, can go with this. “In this type of business you have wide range of collection of traditional cloth, apparel, Lehenga choli, men’s sherwani and other clothes. You need to invest 3 to 5 lakh of capital to start this business. It’s a profitable business. Once set up, you can easily get 2000 o 3000 regularly.” Says Kumar
The growth pattern of Indian textile industry in the last decade has been more than the previous decades. Even the clothing wholesale supply is increasing worldwide. It is a good time to invest in this business.
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