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Indian textiles continues weaving a success story

India is the second largest producer of cotton, cotton yarn, cotton fabric and silk after China and far ahead of Bangladesh and Vietnam.

The country leads the world in jute production accounting for 52.3 per cent of the total production followed by Bangladesh with 42.5 per cent.

India’s readymade garment exports amounted to 42.85 per cent of the total exports vis-a-vis 94.2 per cent for Bangladesh, 80.63 per cent for Vietnam and 60.31 per cent for China.

The country has as many as 72 textile parks in various stages of implementation. Once operational, the textile parks will attract investments to the tune of Rs 30,000 crores and generate employment to nearly 4.5 lakh people.

The Scheme for Integrated Textile Parks was launched in 2005 to provide the textile industry with state-of-the-art infrastructure facilities for setting up their textile units.

India’s textile sector contributes 11 per cent to the country’s total export basket. The field is extremely varied, with a handspun and hand woven sector at one end of the spectrum and a capital intensive sophisticated mill sector at the other.

The industry has the capacity to produce a variety of products suitable to different market segments, both within and outside the country.

 
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