Mention three main problem faced by the textile industry. What is contribution of textile industry to the INDIAN ECONOMY .
Answers
1)Power supply is erratic.
2)Low output of labour.
3)Machinery needs to be upgraded.
4)Transport system for the quicker transportation of raw material to the industry.
Contribution of the textile industry towards india's economy are:
1)It generates employment.
2)foreign exchange earnings.it contributes 4% towards GDP.
3)increases industrial production by creating demands in other industries.
4)It is the only industry that is self-reliant and in the value chain that is from raw materials to valuable outputs.
Answer:
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Explanation:
The favourable factors for the location of cotton textile industry in Maharashtra–Gujarat region in early years were as follows :
(a) Availability of raw cotton from the cotton growing belt of Deccan in Maharashtra and Gujarat.
(b) The port of Mumbai facilitating export of cotton goods and import of machineries and other inputs.
(c) Moist climate in the belt facilitated spinning.
(d) Market for the finished goods.
(e) Finance or capital from Parsi and Bhatia traders.
(f) Good transport network.
(g) Availability of cheap and skilled labour.
Huge market, development of transport network, banking facilities and availability of cheap electricity contributed to the decentralisation of cotton mills in the country. Weaving is highly decentralised to provide scope for incorporating traditional skills and designs of weaving in cotton, zari, embroidary, etc., prevalent among local weavers in different parts of India.
Three major problems faced by cotton textile industries in India are :
(i) Erratic Power Supply.
(ii) Old and obsolete machinery and
(iii) Stiff competition with the synthetic fibre industry.
The textile industry occupies a unique position in the Indian economy :
(a) It contributes significantly to industrial production, 14 per cent of the total production of industries comes from textiles.
(b) It provides employment to about 35 million people directly.
(c) It contributes about 24.6 percent of the foreign exchange earnings of the country.
(d) Textiles contribute 4 percent towards GDP.