Answer:
Textile industry occupies an eminent position in our economy as it contributes 14% to industrial output and 25% of foreign exchange and provides employment to about 35 million people. It contributes 4% to GDP. Cotton textile industry is one of the oldest industries and dates back to Indus Valley Civilization. At present there are about 1600 cotton mills in India owned by private, public and cooperative sectors. The first cotton mill was located in Mumbai in 1854. Maharashtra and Gujarat are the hub of cotton textile industry due to various locational advantages. Indian cotton textile industry strikes a judicious balance between tradition and modernity by producing handloom, power loom and machine made cloth. Cotton textile industry is now decentralized in various parts of India depending on the availability of labour market, transport and power supply. India exports cotton goods mainly to USA, UK, Russia, France, Singapore, East European countries. India has a large share in the world trade of cotton yarn accounting for one fourth of the total trade and our garment trade is only 4 per cent of the world's total. We are able to compete at the global level in terms of spinning, using all types of fibres.
You need to login to perform this action.
You will be redirected in
3 sec
