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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.
The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. The domestic apparel & textile industry in India contributed to 2% to the country’s GDP, 7% of industry output in value terms. India holds 4% share of the global trade in textiles and apparel.
The growth of India as a manufacturing hub for textiles will depend on the attractiveness of the domestic market and on investments in high-end textile machinery and products in emerging areas like technical textiles, Man Made Fiber (MMF).
Home |en | Ministry of Textiles, Government of India, was established for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India.
Apr 26, 2024 · The Indian textile industry dates to ancient times, about five thousand years ago. The industry has changed tremendously, having transitioned from the handloom of pre-colonial India to the...
Jun 3, 2024 · The Indian textile industry is set to host "Bharat Tex 2024," which is being hailed as the world's largest textiles event. The event aims to position India as a global sourcing destination in the textile industry.
Jun 24, 2024 · India’s textile industry weaves a vital thread into the nation’s economic tapestry, contributing 2.3 per cent to the GDP, 13 per cent to industrial production and 12 per cent to exports.
1 day ago · ANI. Updated On Jul 3, 2024 at 09:23 AM IST. New Delhi: The textile industry is seeing signs of recovery, with global retailers and brands reporting that their inventory levels have returned to ...
Jun 25, 2024 · India's $170 billion textile and apparel industry, which employs over 45 million, has been facing a decline in exports as European and the U.S. consumers cut back spending in 2023 amid tight ...
