INTRODUCTION
A textile is any kind of woven, knitted, knotted or tuftedcloth, or a non-woven fabric (a cloth made of fibers thathave been bonded into a fabric). Textile also refers tothe yarns, threads and wools that can be spun, woven,tufted, tied and otherwise used to manufacture cloth. The Textile industry (also known in the United kingdomand Australia as the
Rag Trade
) is a term used forindustries primarily concerned with the design ormanufacture of clothing as well as the distribution anduse of textiles.
India textile industry
SOME FACTS -
India contributes to about 25% share in theworld trade of cotton yarn.India, the world’s third-largest producer of cotton and second-largest producer of cottonyarns and textiles, is poised to play anincreasingly important role in global cotton andtextile markets The ready made garment sector is the biggestsegment in the India’s textile export basketcontributing over 46% of the total textile
Exports have grown at an average of 9.47%p.a over the last decade.It is a major foreign exchange earner afteragriculture and it is a largest employer with atotal workforce of 35 mn.It contributes 20 percent of industrialproduction, 9 percent of excise collections, 18percent of employment in the industrial sector,nearly 20 percent to the countries total exportearning and 4 percent to the Gross DomesticProduct.
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investment in Indian Textile Industry
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| Upload Date: | 03/26/2009 |
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