describe the trade, Production &distribution of Cotton industry in india?
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India is one of the important cotton-manufacturing countries of the world. Both short-staple and long-staple cotton is grown in the country.
Cotton textile industry is one of the important and largest industries in India. It accounts for a large portion of the total industrial output in the country each year.
This cotton textile industry is now in a position to meet the total demand for textiles in the home market and to leave a sufficient surplus for foreign export. The industry also contribute towards the total foreign income of our country and engage millions of people.
Production and Trade: India ranks among the largest producer and exporter of cotton textile products. India exports cotton textiles to the countries of Russia, U.K., Australia, Sri Lanka, Iran, Germany, Belgium, Italy, etc.
Cotton textile industry is one of the important and largest industries in India. It accounts for a large portion of the total industrial output in the country each year.
This cotton textile industry is now in a position to meet the total demand for textiles in the home market and to leave a sufficient surplus for foreign export. The industry also contribute towards the total foreign income of our country and engage millions of people.
Production and Trade: India ranks among the largest producer and exporter of cotton textile products. India exports cotton textiles to the countries of Russia, U.K., Australia, Sri Lanka, Iran, Germany, Belgium, Italy, etc.
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The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million in the country. According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$55 billion, 64% of which services domestic demand.[1] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India. According to AT Kearney’s ‘Retail Apparel Index’, India was ranked as the fourth most promising market for apparel retailers in 2009.
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. Rieter, Trutzschler, Saurer, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi’s are some of the foreign textile companies invested or working in India.
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. Rieter, Trutzschler, Saurer, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi’s are some of the foreign textile companies invested or working in India.
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