Textileindustry plays an important role in the industrial development of the countryby ways of its contribution to export, employment generation and production.
The textile industry contributes 10% of industrial production, employment to 45million people, 13% to total export and 2% of GDP. The contribution of India’stextile industry is valued at US$ 18.7 billion with a share of 14% out of totalIndia’s export of UD$ 132 billion during 2016-17 (April-Sept.
). India’s textileproducts including handlooms and handicrafts are exported to more than hundredcountries.Asper UN Combtrode, 2013 data released in June, 2014 India is ranked as 2ndlargest 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 textileindustry can be divided into different segments listed below:· Cotton Textile · Silk Textile · Woollen Textile · Readymade Garment · Hand-Craft Textile · Jute and Coir Majortextile companies working in India are Raymonds, Reliance Textile, WelspunIndia, 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 Rayoncorp., Mysore Silk factory and so on.Thereare many policy initiatives, which are actively followed up in the textilesector during 2014-15. Some of the major achievements in this context are stateministry’s conference, empowerment of women through sericulture, safe guardinginterest 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 upinfrastructure under the scheme for integrated textile park (SITP), promotionof technical textiles, welfare of artisans engaged in pashmina in Jammu , linking textile with tourism, online marketing, safeguarding interestof jute farmer and workers of jute mills, technology up gradation scheme, easeof doing business, skilling youth in textiles to meet the need of industry,review of scheme, national textile policy, new textile policy (Annual Report2014-15) Underthe dynamic leadership of Shri Narandra Modi, Hon’ble Prime Minister, theprinciple of governance has been laid down in lucid manner. The core tenet ofnew government is Sabka Sath, Sabka Vikas which means that ‘Together with all,Development for all’. Major new initiatives is the’Make in India’ program whichis created to boost investment, foster innovation, protect intellectualproperty and develop best-in-class manufacturing infrastructure. Its main focusis on providing skills to its young generation in order to make the country’sdevelopment happen at the desired pace, the policy focus is now on creatingskill, scale and speed.