Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
Browsing: Make in India
With the ´Make in India´ thrust gaining ground across industries, our focus today should be on the textile industry where India is touted to be second largest producer of textiles and garments in the world. The Indian textiles and apparel industry is expected to grow to a size of $223 billion by 2021, according to a report by Technopak Advisors.
Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
TUFS, when launched in 1999, had an objective to grow India´s iconic textile industry and to a certain stage it did achieve that purpose.
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.
Days of weave, cut, stitch & sew are gone, and seamless technology is the in-thing in women´s intimate, active and casual wear, say the top brass from the Sangam (India) Ltd, Bhilwara, which has launched India´s first brand´CHANNEL NINE´born of a ´seamless experience´.