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Start Your Textile Manufacturing and Export Business in Surat

  • Highlights

  • Surat is an emerging metropolitan city

  • Budget allocation of Rs. 7,148 crore for textile

  • Textile is an industrial mainstay of Surat

  • Land, equipment, marketing are major costs

The two dominant aspects of Surat's economy are the diamond and textile export businesses.The Surat Municipal Corporation (SMC) is keen on the initiative of 'Made in Surat' for local traders, and 'Make in Surat' for outside business persons. Textile manufacturing entails conversion of fibre to yarn, and then to fabric. These are printed or dyed and stitched into clothes.

Textile Business Plan & Cost

While you make a textile business plan, consider the below points-

  • Research the market- Understand the product demand, competition and existing price in the market.

  • Choose the right suppliers- Source the right fabric or other raw materials by finding manufacturers or vendors who offer good quality along with a wide variety of materials.

  • Determine the capital requirements- Know the type and amount of capital you need, basis the textile business cost involved.

  • Look for finance- Basis your capital needs, choose among the various funding options available.

How To Start A Textile Business

Textile manufacturing entails conversion of fibre to yarn, and then to fabric. These are printed or dyed and stitched into clothes. You can open a manufacturing unit for any of these processes. Alternatively, you can be the manufacturer of the textile equipment, dyes and so on. If you don't have an idea how to start a manufacturing business, you need land which can be leased or bought.

As per Makaan.com, the average price per sq. ft. ranges from Rs.3,300 to Rs.32,000 across the different areas in Surat in 2018.

Once the premises are taken care of, another major expense is the equipment - power looms, ring spinning machine, Simplex frame, textile testing equipment, etc.

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For processes after spinning, some of the major equipment that you will require include:

- Power looms for weaving
- Knitting machine
- Tufting machine

Additional Read: Tips to Expand Your Manufacturing Business

On an average the ring spinning machine costs Rs. 25 lakh. A fabric laser cutting machine can cost between Rs. 4.5 lakh to Rs. 10.5 lakh. On the lower end, the rapier loom costs Rs. 3 lakh - Rs. 10 lakh.

Grow Your Business With Bajaj Finserv Machinery Loan

Should you lease or buy equipment for your manufacturing business

In order for a manufacturing business to be successful, it needs to have the latest technology. Having the best-in-class equipment means that you can produce more goods in less time, while maintaining or even improving quality. However, such machinery is usually expensive to purchase, and it may not always be the best financial decision to do so. So, how can you tell when you should lease new machinery, and when you should buy it? This infographic will help you know how to make the correct decision for your business.

Textile export business

If you are an exporter in the textile industry, building network is key to growing your export business. In order to find buyers, it is important to take part in events 'Textiles India’ by the Powerloom Development & Export Promotion Council (PDEXCIL).

Active participation in trade fairs, buyer seller meets, B2B portals, are also vital.With Make/Made In Surat’ impetus from the SMC, and major costs involved in purchasing equipment, and unsecured business loan can help kickstart your business growth.

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