India is the largest producer of the cotton manufacturer
with intensive employment over 45 million people. The textile industry is one
of the major backbones in India and holds a reputed status in the country. More than 15% of the exports happens in Textiles Industry. Both man-made fibers and raw cotton are primary segments of the
industry.
Spinning mills, it contributes more than 75% of the total
fiber consumption and Textile sector more than 56% respectively. The production
has been raised from 30 L bales to 240 L Bales. Though you may find a sudden
decrease, it is because two-thirds of the population is rain fed. Modal Yarn
Manufactures in India are high in number, though.
During FY 2015 - 2016, the overall textile exports crossed
$40 billion. The textile industry is widened with a variety of sectors like
hand-woven and mills sectors. The textile market is also likely to expand, as
in 2016 was around 137 billion and expected to hit $226 billion.
Government Initiatives:
On seeing the upcoming growth of the textile industry,
Government is planning to revise the norms of the textile industry within a few
months. The policy will create ample employment opportunity for the forthcoming
generation to leap a good start in this thriving industry. The export might
cross over $35 billion.
High in production:
The industry is closely associated with the agricultural
industry and the rich ancient culture and heritage of the country. The Compound
Annual Growth rate is increased 10 percent for the lifestyle commodities and
retail products. Find quality Egyptian cotton sheets in India.
