Describe the significance of Textile Industry in India with specific reference to Cotton industry.
Answers
In a developing ion like India, the Cotton Textile Industry is essential, for it needs to take care of the demand for garments of the Indians and exports as well. The Cotton Textile Industry contributes almost 30% of the estimation of fares and utilizes more than 55 million labors. A few sections of India, viz., western and southern area are to a great extent subject to this industry.
Moreover, many individuals are occupied with either cotton creation, or the clothing industry, numerous processing plants deliver the machines required for the cotton material industry and so on. Along these lines, the Cotton Textile Industry is essential to India's economy, straightforwardly or by implication.
We can get to know the importance of Textile Industry by just looking around our house. Every part of our house will have textiles. A man requires, “Food, warmth and clothing” and textile industry plays a major role in all the three. It also helps in every field. Write from our brush to blanket, textile industry has a role to play.
30 to 35 percent of Industrial production goes from Textile Industry and that too from Cotton Textiles. Around 35 to 55 million people are directly employed by T.I. The contribution of Foreign exchange is around 24.6% and GDP is around 4%. Cotton Textiles plays a major role because it has to produce for both India and for export. Most of the Southern regions of India are engaged in Cotton Textiles either as a production unit or as a garment industry.
Cotton textile unit was first established near Kolkata in 1818 but that was shut down due to dearth of finance. Later it was started in Mumbai in 1859. When Gandhiji boycotted all the foreign synthetic clothes through Swadeshi Movement in 1905, Indian textiles started flourishing and after the independence, the growth was good.