| Indian Textile Industry Facts prove that Indian | | | | in terms of foreign exchange earnings, employment |
| textile industry is one of the oldest and the largest | | | | and output. |
| industries in India. Indian textile industry is growing at | | | | 2. Indian Textile industry is the second largest in |
| the rate of 20% each year and it is contributing 4% | | | | terms of spindleage and contributes 20% to world |
| to the Gross Domestic Product (GDP). In terms of | | | | spindleage capacity. |
| employment textile industry in India is the second | | | | 3. 62% of the world's loomage and 4.1% of the |
| largest employer, only second to agriculture, | | | | World Shuttless loomage is from Indian textile |
| employing more than 35 million people across the | | | | industry. |
| nation. | | | | 4. India is the largest producer of jute in the world |
| Indian Textile Industry Overview | | | | 5. It is the second largest producer of silk, cellulose |
| Global textile industry stands at US$ 4,395 bn and | | | | fibers and yarn and India is the third largest producer |
| the total global trade for textile and clothing is of US$ | | | | of cotton. |
| 360 bn. The Indian textile industry is expected to be | | | | 6. 14% of industrial production, 16% of country's |
| at US$ 36 bn, which makes 27% of total foreign | | | | earning and 10% of excise revenue is through textile |
| exchange earned by India. Out of this the export | | | | industry. |
| from textile is US$17 bn. The Indian textile industry at | | | | 7. India is the largest exporter of yarn in the entire |
| global level has many products as cotton yarn and | | | | world. 25% of the world's cotton export is done |
| fabrics, synthetic yarns, man-made yarn, man-made | | | | from India |
| fabrics, wool and silk fabrics and variety of garments. | | | | 8. Indian textile industry is directly linked to agriculture |
| For the period of three decades after independence | | | | and chiefly dependent upon fiber crops like cotton, |
| there has been seen considerable growth in the | | | | silk. It is also dependent upon handicraft and |
| Indian textile industry but the next decade has seen | | | | handloom sector. |
| considerable growth. Moreover with the Economic | | | | 9. It is the largest industry in terms of foreign |
| Policy of 1991 and the Textile Policy of 1985, the | | | | revenue and export. |
| liberalization of trade and economy came into | | | | 10. Indian textile industry has the largest pool of |
| existence that has given boost to the textile industry. | | | | cheap and skilled labor. |
| So the growth in fourth and fifth decade is immense. | | | | 11. Nine million hectare area is under the production of |
| Also India has the huge manufacturing base for the | | | | cotton in India. |
| textile industry and immense production of raw | | | | 12. Arvind Mills, Welspun India and Raymond, who are |
| material. In this Cotton textile is the base of Indian | | | | the key players of textile industry have established |
| textile industry. Cotton's share in this industry is 60% | | | | themselves in international market and known for the |
| whereas other man made fibers are at 25%. | | | | quality product. |
| Government of India is also taking initiatives for the | | | | 13. The strength of Indian textile industry: easy and |
| growth of textile industry. Many new schemes and | | | | abundant availability of raw material like cotton, silk, |
| policies are coming into shape to uplift the textile | | | | polyester and silk. |
| sector. 50 new textile parks under the scheme for | | | | 14. The weakness lies in the knitted garment sector |
| Integrated Textile Parks (SITP), are expected to | | | | as it is still fragmented and there are only two to |
| come that is proposed by the Ministry of textile and | | | | three key players in this sector. |
| out of 50 textile parks 30 have already been | | | | 15. Use of obsolete technology in the production is |
| sanctioned. Apart from this Technology Mission on | | | | also the weak point along with some unfavorable |
| Cotton (TMC), Technology Upgradation Fund Scheme | | | | labor law, trade restrictions, lack of trade pact |
| (TUFS), Setting up of Apparel Training and Design | | | | membership and comparatively low productivity. |
| Centres (ATDCs), Revival plans of the mills run by | | | | There are great opportunities that lies in the Indian |
| National Textiles Corporation (NTC) etc has also been | | | | textile industry in terms of growth and development. |
| done by the Government. Achieving all these will | | | | Indian consumers are very sensitive towards |
| surely change the face of Indian textile industry. | | | | changing fashion and this has led to the growth of |
| Indian Textile Industry Facts | | | | garment sector. |
| 1. Indian textile industry is the most important sector | | | | |