India's market share in global textiles and clothing exports is forecast to improve from 0.5 percent to 1 percent and its export market share will be between $3.5 billion to $7 billion per year.
Almost 70 percent of India's garment exports and 44 percent of its textile exports are expected to be to the US, the EU and Canada.
Indian textiles and apparel industry has potential to produce $85 billion worth of goods by 2010 of which, domestic market would account for $45 billion and exports worth $40 billion, a study said.
This is possible as India has advantages in competitive labour costs, availability of skilled manpower and strong capabilities in styling and designs.
Productivity, quality, cost of inputs, design skills and economies of scale along with consolidation of supply chains are main areas where improvement is necessary.
Cotton productivity in China, Turkey and Brazil is over 1 ton per hectare whereas in India, it is about 0.3 ton per hectare only.
Countries like China, the US, India, Pakistan, Uzbekistan and Turkey have resource-based advantages in cotton.
China, India, Vietnam and Brazil have resource-based advantages in silk also.
Australia, China, New Zealand and India have resource-based advantages in wool.
China, India, Indonesia, Taiwan, Turkey, the US and Korea have resource-based advantages in man-made fibres.
China is cost competitive with regard to manufacture of textured yarn, knitted yarn fabric and woven textured fabric, while Brazil has clear advantage in manufacture of woven ring yarn.
But India's forte rests in woven ring yarn and knitted ring yarn fabric.
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