TEXTILE INDUSTRY OF INDIA: TRENDS AND PROSPECTS
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- TEXTILE INDUSTRY OF INDIA: TRENDS AND PROSPECTS
Considered in a proper historical and comparative perspective, cotton production goes back to the ancient civilization of Indus Valley of India and Pakistan-some estimates place it at 7,000-years. The growth of the industry has been fostered by conducive locational factors, such as, availability of raw cotton, market, transport, etc. It is estimated that 80 per cent of the industry is coterminous with cotton growing tracts.
The Indian textile industry is one of the largest in the world with a large unmatched raw material base and manufacturing strength across the value chain. It is the second largest producer of man-made fibre (MMF) after China. The textiles and apparel (T&A) industry contribute 2.3 per cent to the country’s GDP, 13 per cent to industrial production and 12 per cent to exports.