News By/Courtesy: Gopika Sasi | 15 Sep 2020 13:31pm IST

HIGHLIGHTS

  • Indian textiles and apparel have a history of fine craftsmanship and global appeal.
  • India stands out as the second-largest producer of textile and apparel.
  • The government provides a lot of necessary helps to the textile industry

Indian textiles and apparel have a history of fine craftsmanship and global appeal. Silk, denim, and Cotton from India are highly popular abroad, Indian apparel as well has found success across fashion centers around the world with the upsurge in Indian design talent.

Dating back to several centuries, India’s textile sector is one of the oldest industries in the Indian economy. The textile industry is extremely varied. From hand spun and handwoven textiles at one end to the capital-intensive sophisticated mill's sector on the other end of the spectrum. 

The largest component in the textile industry is the decentralized power looms/ hosiery and knitting sector. The close relation and link between the textile industry and agriculture make it a unique comparison with other industries in our country. The Indian textile industry can make a wide variety of products that are suitable for both India and abroad. 

India stands out as the second-largest producer of textile and apparel. The two largest markets for Indian textile exporters are the US and the European Union which is followed by various Asian countries and the Middle East.

The exchange of goods and services across international boundaries or territories is called international trade which significantly adds to the GDP of the country. Whereas, export is any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade which forms an important part of international trade. 

The textiles and garments accounted for about 14 percent of industrial production and 16 percent of export earnings in 2005. The textile industry has a unique position as a self-reliant industry. The main markets for Indian textiles and apparel are the UK, UAE, USA, France, Germany, Canada, Italy, Russia, Japan, and Bangladesh.

The government provides a lot of necessary helps to the textile industry through the following export promotion councils:

  • Handloom Export Promotion Council (HEPC)

  • Cotton Textile Export Promotion Council (TEXPROCIL)

  • Indian Silk Export Promotion Council (ISEPC)

  • Carpet Export Promotion Council (CEPC)

  • Power loom Development & Export Promotion Council(PDEXCIL)

  • Apparel Export Promotion Council (AEPC)

  • Wool and Woolens Export Promotion Council (W&WEPC)

  • Export Promotion Council for Handicrafts (EPCH)

 

The textile industry is the second-largest employer in the country employing 45 million people at present.

 

 
This article does not intend to hurt the sentiments of any individual, community, sect, or religion, etcetera. This article is based purely on the author’s personal opinion and views in the exercise of the Fundamental Rights guaranteed under Article 19(1)(A) and other related laws being enforced in India for the time being.

Section Editor: Pushpit Singh | 15 Sep 2020 19:47pm IST


Tags : Textile industry, apparels, India

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