Textile Industry in India is the second largest employment generator after agriculture. It holds significant status in India as it provides one of the most fundamental necessities of the people. Textile industry was one of the earliest industries to come into existence in India and it accounts for more than 30% of the total exports. In fact Indian textile industry is the second largest in the world, second only to China.
Textile Industry is unique in the terms that it is an independent
industry, from the basic requirement of raw materials to the final
products, with huge value-addition at every stage of processing. Textile
industry in India has vast potential for creation of employment
opportunities in the agricultural, industrial, organised and
decentralised sectors & rural and urban areas, particularly for
women and the disadvantaged. Indian textile industry is constituted of
the following segments: Readymade Garments, Cotton Textiles including
Handlooms, Man-made Textiles, Silk Textiles, Woollen Textiles,
Handicrafts, Coir, and Jute.
Till the year 1985, development of textile sector in India took place
in terms of general policies. In 1985, for the first time the importance
of textile sector was recognized and a separate policy statement was
announced with regard to development of textile sector. In the year
2000, National Textile Policy was announced. Its main objective was: to
provide cloth of acceptable quality at reasonable prices for the vast
majority of the population of the country, to increasingly contribute to
the provision of sustainable employment and the economic growth of the
nation; and to compete with confidence for an increasing share of the
global market. The policy also aimed at achieving the target of textile
and apparel exports of US $ 50 billion by 2010 of which the share of
garments will be US $ 25 billion.
Strengths of Indian textile Industry