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1.
Road to Success:
Indian Textile Industry
The Indian textile industry, with its unbroken
weaving traditions is the oldest and largest
industries in India. It displays a very complex
sectoral dispersal system with latest
technological sophisticated mill sector at one
end of the spectrum and operationally efficient
hand-woven and hand-spun at the other, with the
decentralized power loom and knitting sectors in
between.
It is the only industry in the Indian industrial
arena which is self reliant and complete in
value chain from raw material to garments.
Indian textile industry produces all types of
textile fibers from natural and manmade fibers
including cotton, jute, silk, wool, polyester,
viscose, nylon, acrylic, polypropylene and
filament yarns.
The Indian textile industry has a significant
contribution in the Indian economy. It accounts
for 14% of the total industrial production and
4% of the GDP. It provides direct employment to
more than 35 million people and is the second
largest employment generator after agriculture
and earns 27% of the foreign exchange.
In the world textile scenario, it is the largest
producer of jute, second largest producer of
silk, third largest producer of cotton and
cellulosic fiber, fifth largest producer of
synthetic fiber and seventh largest producer of
wool.
The Panelists will elaborate on the trade,
development, global economic challenges, growth
potential, as well as export and import opportunities. They
will discuss India’s textile industry's long-term
prospects, opportunities for textiles
development, maximizing its potential manpower,
encouraging Foreign direct investment, and steps to improve
the current
business environment.
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