IACC Textile Forum Identifies Action Plan For US$ 100 Billion Collaborative Business

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IACC Textile Forum’s three-day webinar on exploring Indo-US textile trade was an eye-opener, even as the US is India’s single largest market for textiles and apparel.  `Textiles: Indo-US Bilateral Partnership: Focused Sector: Textiles: New Opportunities: Innovative Products: B2B’ had an eminent industry panel who shared their insights of the US market, the potential and scope of unrestricted growth in the huge US consumer market.

IACC aims to boost textile and related trade and investments between the US and India, with the target of US$ 100 billion in collaborative business between the two countries, over the next few years.

The webinar series was a timely one as US buyers are diversifying their supply chains. And statistics reveal that India is a supplier of choice for US buyers.

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Webinar insights
Textiles and apparel that have good demand in the US:

  • Denims and denim blends
  • High quality cotton textiles (linens), home textiles, voils
  • Knitwear
  • Sportswear, performancewear, athleisure
  • Recycled textiles
  • Technical textiles and nonwovens – parachute fabrics, geotextiles, laminated, coated fabrics, PPE kits, suits, hygiene products, automotive textiles
  • Organic textiles and apparel
  • Sustainable, natural fibre textiles and apparel
  • Spining, ginning machines, digital textile printers
  • Textile dyes, chemicals, finishes – anti-microbials, flame retardants, water repellents, natural dyes 

Potential markets for India to tap:

  • Viscose fibre, textiles, apparel
  • Functional fabrics and apparel
  • Polyester, manmade nylon based fibre, fabrics, apparel, home textiles and furnishings
  • Spandex-based textiles and apparel
  • Technical textiles and nonwovens – Meditech, Composites, Protech
  • Sleeping bags, outdoor gear
  • Knitting machinery, technical textiles machinery
  • High end dyes, chemicals, finishes 
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How can India & US collaborate to increase trade:

  • Collaborations in textile technology, functional dyes, chemicals and finishes
  • Meeting US sustainability, labour standards
  • Build transparency in the supply chain
  • Branding
  • Customisation
  • Collaborations in digital printing, 3D printing
  • Collaborations to develop high-end, functional MMF based textiles
  • ELS cotton
  • India should set up design studios in the US
  • India needs to invest in R&D facilities, even if in collaboration with US industry and academia
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