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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 ]
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.
The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million in the country. [25]
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.
Tipu Sultan, the ruler of the Mysore state, sent an expert (1780-1790) to Murshidabad (Bengal) to study silk cultivation and processing, after which the silk industry in Mysore first began to grow. [5] The Nawab of Bengal was defeated in the Battle of Plassey, and later control of Bengal came under the East India Company. The company started ...
Coimbatore became home to textile industry of South India by Independence. The textile industry in Coimbatore and Madras state along with the Ministry of Textiles planned on a modern textile research association. The foundation stone was laid on 25 December 1955 by Prime Minister of India, Pandit Jawaharlal Nehru and inaugurated by President of ...
It consists of 5 elected members from the industry, including the Chairman, 3 nominated members from various departments of Government of India and 3 scientists as designated members. In addition to these a representative from the associate members and the president of the Ahmedabad Textile Mills Association are also the members of the council.
It has over 60% market share in suiting in India. It is also India's biggest woolen fabric maker. [ 4 ] 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 ]