A Brief Overview Of the Present Indian Textile Industry

The textile industry is one of the largest industries in India that contributes to the GDP of the country. It offers employment to a wide range of population all across the country. India is known to be one of the largest producers of all types of garments and textiles. The industry has also contributed to the net foreign exchange earnings.

With the abundance of raw materials such as silk, cotton, jute and wool, the country is capable of large scale production and exports. The industry provides direct and indirect employment to over 45 million people. The overall development of this industry has contributed to the growth and development of the Indian economy.

In the present year, the production of cotton yarn has substantially increased over more than 10 percent. In addition to cotton, the production of blended and non-cotton yarn has also increased by 8 percentage. The industry has witnessed the production of Man Made Fibres which is largely exported to different countries across the world.

As the Indian government offers remarkable support to the industry, the export of garments to various countries has skyrocketed. It is also expected to offer huge returns in the next five years.

The garment industry in India has witnessed a huge surge of investment in the past few years. There are many reasons for the rise in investments in this sector. The industry has succeeded in attracting a huge foreign investment worth crores of rupees. Some of the most popular investors in this field of industry are Raymond, Tommy Hilfiger, Suraaj Linens, Arvind Ltd and so forth.

The government has taken several initiative steps to boost the garment sector of the country. The industry experiences strong growth due to the ever increasing demand for garments in both the domestic and international markets. Today, the Central Silk Board encourages the growth of silk by farmers and private industries.

In addition to cotton and silk garments, polyester is another commonly used fabric. This man-made fabric is widely used for different applications such as furnishing items, bags, garments and many more.

The country exports a wide range of garments and fabrics across the world. Both natural and synthetic fibres are exported to different countries. Various new weaving techniques are utilized in the industry for increased and better production to meet the increasing demands of consumers.

In addition to natural fibres, synthetic fibres are gaining immense popularity in the foreign markets. Another reason for the rising demand of synthetic fibres is the cost of the natural fibres such as pure cotton and silk.

The constant growth and development of the textile industry in India has triggered a chain reaction. This has led to an increase in agricultural production in the country which further escalates the growth and development of the agricultural sector of the economy. Agriculture, which forms the backbone of the Indian economy, benefits largely due to the development of the textile industry. Even today, traditional and pure Indian silk have huge markets in the international arena.