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The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million people in the country. [1] India is the world's second largest exporter of textiles and clothing, and in the fiscal year 2022, the exports stood at US$44.4 billion. [2]
The Ministry of Textiles is an Indian government national agency responsible for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India. This includes all natural, artificial, and cellulosic fibers that go into the making of textiles, clothing and Handicrafts.
National Textile Corporation is a central public sector undertaking under the ownership of Ministry of Textiles, Government of India. [1] It owns 23 working textile mills which produce yarn and fabric. The company was incorporated in April 1968.
Maharashtra State Textile Corporation (MSTC) is a limited company owned by Maharashtra State.It was established on 6 September 1966, having its head office at Mumbai.Their stated purpose was to take over ailing privately owned textile mills, which were being closed down and make those mills more productive and also to start new mills in industrially undeveloped parts of the state.
Fabindia is an Indian chain store retailing garments, home-decor, furnishings, fabrics and products handmade by craftspeople across rural India. Established in 1960 by John Bissell, an American working for the Ford Foundation, New Delhi, Fabindia started out exporting home furnishings, before stepping into domestic retail in 1976, when it opened its first retail store in Greater Kailash, New ...
The cotton textile industry was responsible for a large part of India's international trade. [78] India had a 25% share of the global textile trade in the early 18th century. [79] Indian cotton textiles were the most important manufactured goods in world trade in the 18th century, consumed across the world from the Americas to Japan. [76]
Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops [5] in the domestic market itself. [6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India.
In the 2010 census, 4.4 million families were engaged in hand weaving. In December 2011, the handloom industry wove 6.9 billion square metres (74.3 billion square feet) of cloth. The economic policy in India aims to advance the handloom industry from the pre-independence period. The Textile Policy 1985 emphasized the promotion of handloom garments.