Question

Textile industry in india is self reliant and complete in value chain. Justify the statement?

Answer 1

THE TEXTILE INDUSTRY IS CONSIDERED TO BE SELF RELIANT BECAUSE PRODUCTS AT EACH STAGE ARE USED AS THE RAW MATERIAL FOR THE NEXT STAGE OF PRODUCTION.
IT PERFORMS ALL ACTIVITIES FROM THE PRODUCTION OF RAW MATERIAL TO THE DELIVERY OF FINISHED GOODS AND A SUBSTANTIAL AMOUNT IS ADDED AT EACH STAGE THEREBY INCREASING THE VALUE OF THE PRODUCE AND AS A RESULT PROFITS ARE CREATED.