TIME

About me

About me

Aniket Bhute

Completed B.Text in “Textile Technology” from D.K.T.E’s Textile & Engineering Institute, Ichalkaranji.
Having more than 4 yerars of experience in product development and R&D.
Currently working as Scientist in D.K.T.E’s Centre of Excellence in Nonwovens, Ichalkaranji.

Contact Details :

Email ID : abhute@gmail.com
Mobile     : +91  9975437345

INDIAN TEXTILE INDUSTRY

INDIAN TEXTILE INDUSTRY

About Indian Textile Industry

• Second largest producer of textiles and garments after China
• Second largest producer of cotton in the world
• Second largest employer in India after agriculture – Direct Employment to 35 mn. people
• Constitutes about 12% of India’s exports
• Contributes about 14% to Industrial production
• Contributes about 4% to GDP

India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world. India textile industry largely depends upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile industry currently generates employment to more than 35 million people. Indian textile industry can be divided into several segments, some of which can be listed as below:

• Cotton Textiles
• Silk Textiles
• Woolen Textiles
• Ready made Garments
• Hand-crafted Textiles
• Jute and Coir

Current Scenario

The Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country’s gross domestic product (GDP) and 17 per cent to the country’s export earnings.

The industry provides direct employment to over 35 million people and is the second largest provider of employment after agriculture.

Fabric production rose to 60,996 million sq meters in FY 2011 from 52,665 million sq meters in FY 2007 Production of raw cotton grew to 32.5 million bales in FY11 from 28 million bales in FY07, while production of man-made fibre rose to 1,281 million kgs in FY11 from 1139 million kgs in FY07. Production of yarn grew to 6,233 million kgs in FY11 from 5,183 million kgs in FY07.

India has the potential to increase its textile and apparel share in the world trade from the current level of 4.5 per cent to 8 per cent and reach US$ 80 billion by 2020. Exports of textile grew to USD26.8 billion in FY10 from USD 17.6 billion in FY06. India’s textile trade is dominated by exports with a CAGR of 6.3 per cent during the same period.

Technical Textile Segment

Technical textiles are an important part of the textile industry. The Working Group for the Eleventh Five Year Plan has estimated the market size of technical textiles to increase from US$  5.29 billion in 2006-07 to US$ 10.6 billion in 2011-12, without any regulatory framework and to US$ 15.16 billion with regulatory framework. The Scheme for Growth and Development of  Technical Textiles aims to promote indigenous manufacture of technical textile to leverage global opportunities and cater to the domestic demand.

Further, the government is set to launch US$ 44.21 million mission for promotion of technical textiles, while the Finance Ministry has cleared setting up of four new research centres for the industry, which include products like mosquito and fishing nets, shoe laces and medical gloves.

The global technical industry is estimated at US$ 127 billion and its size in India is pegged at US$ 11 billion.