The textile industry is the only industry in the country which is self-reliant and complete in the value chain”. Justify the statement.
Answers
Answer. The textile industry is the only industry in India which is selfreliant and complete in value chain i.e. from the raw material to the highest value-added products one of the Main reason is- The cotton textiles industry is a very old industry which has existed since the ancient times.
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Answer.
The textile industry is the only industry in India which is selfreliant and complete in value chain i.e. from the raw material to the highest value-added products. 1. The cotton textiles industry is a very old industry which has existed since the ancient times.
Textile industry is considered to be self reliant because products produced at each stage are used as raw materials for next stage of production.Value chain refers to a number of activities that textile industry performs right from the production of raw materials to the delivery of finished products, and adds substantial value to that product at each stage of processing.
The textile industry is self-reliant and complete in value chain:
•It contributes significantly to industrial production (14%).
•Employment generation (35 million persons directly - the second largest after agriculture).
•Foreign exchange earnings (about 24.6%).
•It contributes 4 per cent towards GDP.
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