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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.
Apr 26, 2024 · The textile industry is valued at over 200 billion U.S. dollars and contributes about two percent of the country’s GDP. Besides, the export of Indian textiles contributed to setting up...
Jun 7, 2023 · Annual Report 2022-2023 |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.
In recent years, the textile market in India has seen remarkable growth and a surge in creative innovation. As per reports, the Indian textile industry reached a noteworthy achievement by setting a record for its July 2023 exports, totaling an impressive 127.6 million kilogrammes of spun yarn.
Mar 3, 2024 · From fiber, yarn, and fabric to garments, India’s textile and apparel industry has strengths along the whole value chain. The traditional handloom, handicrafts, wool, and silk items, as well as the organized textile industry in India, make up a large portion of the widely diversified Indian textile and apparel market.
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.
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 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.
