The textile industry
The textile industry is associated with the design and production of cloth goods. It also involves importing and exporting natural and man-made fabrics. Spinning and dying yarn, cotton, or other fibers is also a part of this industry. This industry is found throughout the world, and the type of fabric and goods varying widely from one region to another.
The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour. It is one of the oldest industries in the Indian economy, dating back to several centuries. India’s textiles industry has a capacity to produce wide variety of products suitable for different market segments, both within India and across the world. It offers direct employment to over 35 million in the country. 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. 100% FDI is allowed via automatic route in textile sector.