Textile
industry plays an important role in the industrial development of the country
by ways of its contribution to export, employment generation and production.
The textile industry contributes 10% of industrial production, employment to 45
million people, 13% to total export and 2% of GDP. The contribution of India’s
textile industry is valued at US$ 18.7 billion with a share of 14% out of total
India’s export of UD$ 132 billion during 2016-17 (April-Sept.). India’s textile
products including handlooms and handicrafts are exported to more than hundred
countries.

As
per UN Combtrode, 2013 data released in June, 2014 India is ranked as 2nd
largest textile and clothing manufacturer and exporter in globe with USD 40 bn.
Ludhiana city contributes about 95% of India’s total woollen knitwear produced,
according to UNIDO study conducted on SME cluster in India. Indian textile
industry can be divided into different segments listed below:

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·        
Cotton Textile

·        
Silk Textile

·        
Woollen Textile

·        
Readymade Garment

·        
Hand-Craft Textile

·        
Jute and Coir

Major
textile companies working in India are Raymonds, Reliance Textile, Welspun
India, Vardhman Spinning, Arvind Mills, Morarice Mills, Ginni Filaments,
Century Textiles, Mafatlal Textile, S.KumarSynfabs, BSL Ltd., Bombay Dyeing,
Grasim Industries, Oswal knit India, Fabindia, Laksmi Mills, National Rayon
corp., Mysore Silk factory and so on.

There
are many policy initiatives, which are actively followed up in the textile
sector during 2014-15. Some of the major achievements in this context are state
ministry’s conference, empowerment of women through sericulture, safe guarding
interest of cotton growers under minimum support price (MSP) operation,
national textile corporation positive path, trade facilitation center Varanasi,
organized textile industry infrastructure in the North East, setting up
infrastructure under the scheme for integrated textile park (SITP), promotion
of technical textiles, welfare of artisans engaged in pashmina in Jammu &
Kashmir, linking textile with tourism, online marketing, safeguarding interest
of jute farmer and workers of jute mills, technology up gradation scheme, ease
of doing business, skilling youth in textiles to meet the need of industry,
review of scheme, national textile policy, new textile policy (Annual Report
2014-15)          

Under
the dynamic leadership of Shri Narandra Modi, Hon’ble Prime Minister, the
principle of governance has been laid down in lucid manner. The core tenet of
new government is Sabka Sath, Sabka Vikas which means that ‘Together with all,
Development for all’. Major new initiatives is the’Make in India’ program which
is created to boost investment, foster innovation, protect intellectual
property and develop best-in-class manufacturing infrastructure. Its main focus
is on providing skills to its young generation in order to make the country’s
development happen at the desired pace, the policy focus is now on creating
skill, scale and speed.

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