Textile

About Textile Industry

The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million in the country. The share of textiles in total exports was 11.04% during April–July 2010, as per the Ministry of Textiles. During 2009–2010, the Indian textile industry was pegged at US$55 billion, 64% of which services domestic demand. In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India. According to AT Kearney’s ‘Retail Apparel Index’, India was ranked as the fourth most promising market for apparel retailers in 2009. India is first in global jute production and shares 63% of the global textile and garment market. India is second in global textile manufacturing and also second in silk and cotton production. There is various sector are available in the textile industry in the country

• ● Man Made Fibres
• ● Cotton Sector
• ● Handloom Sector
• ● Woolen Sector
• ● Jute Sector
• ● Sericulture and Silk Sector

Some of the major acts relating to textile industry include

• ● Central Silk Board Act, 1948
• ● The Textiles Committee Act, 1963
• ● The Handlooms Act, 1985
• ● Cotton Control Order, 1986
• ● The Textile Undertakings Act, 1995

India has most liberal and transparent policies in Foreign Direct Investment (FDI) amongst emerging countries. India is a promising destination for FDI in the textile sector. 100% FDI is allowed in the textile sector under the automatic route. FDI in sectors to the extent permitted under automatic route does not require any prior approval either by the Government of India or Reserve Bank of India (RBI). The investors are only required to notify the Regional Office concerned of RBI within 30 days of receipt of inword remittance.

There are many players of Gems & Jewellery in India, we are described some following

• ● Arvind Ltd
• ● Bombay Dyeing and Manufacturing Company Ltd
• ● Bombay Rayon Fashions Ltd
• ● Fabindia Overseas Pvt Ltd
• ● Grasim Industries Ltd
• ● JCT Ltd
• ● Karnataka Silk Industries Corporation Ltd
• ● Raymond Ltd
• ● Vardhman Textiles Ltd

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