INDIAN TEXTILES INDUSTRY
The Indian Textiles Industry is traditionally, after Agriculture Industry, It is the only industry that has generated huge numbers of employment for both skilled and unskilled labours. The Textile industry continues to be the second largest employment generating sector in India. It offers direct employment to around 35 million in the country. It contributes more than 4% to the GDP. It contributes 17% to the country’s export earning..
India is the second largest producers of fibres in the world and the major fibre produced is cotton. Other fibres produced in India include silk, jute, wool, and man-made fibers. 60% of the Indian textile Industry is cotton based.
· Man Made Fibers: These includes manufacturing of clothes using fiber or filament synthetic yarns. It is produced in the large power loom factories. They account for the largest sector of the textile production in India.This sector has a share of 62% of the India's total production and provides employment to about 4.8 million people
· The Cotton Sector: It is the second most developed sector in the Indian Textile industries. It provides employment to huge amount of people but its productions and employment is seasonal depending upon the seasonal nature of the production.
· The Handloom Sector: It is well developed and is mainly dependent on the SHGs for their funds. Its market share is 13%.of the total cloth produced in India.
· The Woolen Sector: India is the 7th largest producer of the wool in the world. India also produces 1.8% of the world's total wool.
· The Jute Sector: The jute or the golden fiber in India is mainly produced in the Eastern states of India like Assam and West Bengal. India is the largest producer of jute in the world.
· The Sericulture and Silk Sector: India is the 2nd largest producer of silk in the world. India produces 18% of the world's total silk. Mulberry, Eri, Tasar, and Muga are the main types of silk produced in the country. It is a labor-intensive sector.
There is large scope of improvement in the textile industry of India as there is a huge increase in personal disposable income among the Indians after the 1991 liberalisation. There is also a large growth of the organised sector in the Indian textile industries. The foreign brands along with the collaboration of the Indian companies established business in India. Some of these are Puma, Armani, Benetton, Esprit, Levi Strauss etc.
The major Indian Industries include Bombay Dyeing, , Fabindia, Grasim Industries, JCT Limited, , , Lakshmi Mills, Mysore Silk Factory..