Indian Textile Industries

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Textile industries have captured the entire world in a unique way. Everyone would be able to guess why. This is because it offers the great variety of fabric which is to be used on daily basis being it in different varieties. Garment manufacturing is the prominent one. Apart from it there are business fabrics, fashion material, shoes fabric etc.

India is moving higher on the different levels of industrialization and in regard to the textile industry, which is now a pioneer industry here, actually started getting established between 1970 and 1992, more around 1992 which was the start of liberalization. Ample of measures were taken by the government to protect the interest of the cotton farmers and labor force but they actually made the industry stand isolated and somehow hampered its prosperity.

India is standing on the second position for the textile industries containing around nine million hectares of cotton coverage. For fiber, it comes on the third position for production and sixth position for production of yarn filament which is simply remarkable. All over, it covers approximate one-fourth of the world trade in terms of production of cotton yarn. Employment sector of most of the countries including India, flourishes with the growth and development of these textiles industries. It captures around twenty percent of the total industrial development and production.

Certainly earlier textile industries were experiencing few shortcomings due to which there was a stagnant growth. As a solution to this problem, government modified some rules and regulations after which we can now witness the change in situation very clearly. One of the modifications was into the technical sector which required huge investments for change in machinery and its renovation both. Various accessories and different parts were replaced which produced much variation in the fiscal from $31.92 million to $39.71 million. These figures are majorly concerned with the situation in India, where in around 55% consumption was witness by the TMMAI, The Textile Machinery Manufacturers Association of India. But in contrast to this, the level of consumption that is demand in the country was much more so the other portion which was around $100 million was filled by the efforts of the importers.

Reversal of the movement is the necessity in order to cater the needs and demands of the textile industry and the users. This has been stated by the Chairman of the TMMAI association in his approach towards joint assessment.

The tenth plan for the improvement in the textile industry includes a few points stated below:

1. Complete rearrangement of the spinning capacity which needs modernization.

2. Renovation of the loomage that is the loom sector.

3. Improvement in the finishing sector and removal of the obsolete material.

4. Expansion along with the development of the jute, woolen, knitting and technical sector.

Both Indian and international textile industries have brought changes in their working structure in regard to the specific sector as textile is the prominent of all and is also an important requirement of the world which needs up gradation periodically.

write by ramos

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