A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.
Vendor consolidation and shift in global sourcing away from China, Bangladesh is expected to benefit India
Welspun Living Ltd is a prominent home textiles player with a global presence, offering diverse products like towels, bed sheets, and rugs, while expanding through strategic investments, brand growth, and innovative solutions.
The government-owned National Textile Corporation (NTC) forays into the processing sector, setting up of a Rs 250 crore facility at Hassan in Karnataka.