TEXTILE AND APPAREL MARKET ANALYSIS
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Asia Pacific is expected to dominate the global textile and apparel market over the forecast period with estimated 38.4% share in 2024. The textile and apparel industry in India has a strong domestic market and a strong export demand. The government is investing in upgrading the infrastructure of the textile industry. The government has introduced schemes like MITRA and PLI to promote the industry. The government is also integrating advanced technologies into the production process. The government is also working on the Technology Upgradation Fund Scheme. These factors are expected to help India achieve global dominance in the textile and apparel industry.
North America is expected to witness fastest growth in the market over the forecast period owing to the strong growth of textile sector in the U.S. The U.S. is the second-largest exporter of textile-related products in the world.
Textile And Apparel Market Report Snapshots
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