Textiles in India

INDIAN TEXTILES INDUSTRY Corporate Catalyst India A make known on Indian Textiles Industry 1. OVERVIEW 1.1 Background The textile attention occupies a unique place in our country. One of the primitively to come into existence in India, it accounts for 14% of the total industrial production, contri stilles to nearly 20% of the total exports. Being the largest foreign supersede earner, accounting for more than 5 per cent of GDP and providing get off employment to 38 million people, primarily the weaker sections, it is the second well-nigh important sector only after agriculture. The No.1 exporter of textiles, China, has a percent of more than 10 per cent followed by Korea with 8.1 per cent; Indias hovers at 3.5-4 per cent. In clothing exports, China holds a portion out of 18.5 per cent followed by Italy (6.7 per cent) and India (3 per cent). Indias share may look small but in monetary terms it is large.

It has a unique vista as a self-reliant industry, from the production of raw materials to the lecture of finished products, with substantial value-addition at each stage of bear on; it is a major contribution to the countrys economy. The industry is undisturbed of handlooms, powerlooms and mills. While the mill sector is well-organised and modern, the same cannot be tell of the powerloom and handloom segments. The mill sector has managed to grab a reasonable share of the world export market. Although the development of textile sector was earlier taking place in terms of general policies, in recognition of the importance of this sector, for the first time a recrudesce Policy Statement was made in 1985 in go through to development of textile sector. The textile policy of 2000 aims at achieving the level of textile and apparel exports of US $ 50 billion by 2010 of which the share of garments will be US $ 25 billion. The main markets for... If you want to get a full essay, order it on our website: Orderessay

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