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Textile industry in India
The textile industry in India, traditionally after agriculture, is the only industry in the country that has generated large-scale employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million people in the country.[1] India is the world's second largest exporter of textiles and clothing, and in the fiscal year 2022, the exports stood at US$44.4 billion.[2] According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$55 billion, 64% of which services domestic demand.[1] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India.[3] According to AT Kearney’s ‘Retail Apparel Index’, India was ranked as the fourth most promising market for apparel retailers in 2009.[4]
India is the second largest producer of fibre. The country is the world's largest producer of cotton and jute.[5][6] India is also the world's second largest producer of silk.[7] Other fibres produced in India include wool, and man-made fibres. 100% FDI is allowed via automatic route in textile sector. Rieter, Trutzschler, Saurer, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi’s are some of the foreign textile companies invested or working in India.[8] Between January and July 2021, India exported textile products worth Rs 1.77 lakh crore, which is 52.6% more than the same period last year.[9]
- ^ a b "A brief history of Textile Industry in India, January, 2010" (PDF). Archived from the original (PDF) on 22 May 2012.
- ^ "Textile Industry in India, Leading Yarn Manufacturers in India". India Brand Equity Foundation. Retrieved 11 August 2022.
- ^ "Wearing Apparel Manufacturing Report". AnythingResearch India.
- ^ "Emerging Markets Offer Growth Opportunities for Apparel Retailers Battling Declines in Domestic Consumer Spending".
- ^ Jadhav, Rajendra (7 January 2022). "India's cotton exports begin to slide as premiums jump on lower crop". Reuters. Retrieved 11 August 2022.
- ^ Ghosh, Saptaparno (2 May 2022). "The recent woes of the jute industry in West Bengal". The Hindu. ISSN 0971-751X. Retrieved 11 August 2022.
- ^ "Silk Textile Industry in India, Silk Manufacturers in India". India Brand Equity Foundation. Retrieved 11 August 2022.
- ^ SECTORS - Make In India
- ^ "India's textile exports stitch Covid wounds, rise 13 per cent over pre-pandemic level". India Today. 9 September 2021. Retrieved 14 October 2021.
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