Exim Term Paper

INTRODUCTION

Indian TEXTILE Industry

Indian Textile industry is one of the leading industries in the world. Indian Textile industry has been taken very big strides. In last few decades, when the scenario started changing after the economic liberalization of Indian economy in 1991, the textile industry has grown to the status of a leading sector in the country with a sizeable base. The open economy has been given more trust of the Indian textile industry, which has now successfully become one of the largest industries in the world.

The textile industry has largely depended upon the manufacturing and export. The textile industries play a major role in the economy of the country. India earns about 27% of total foreign exchange through textile export and Indian textile industry contributes 14% of total industrial production of the country. The textile industry also contributes around 3% to the GDP of the country and it given the largest employment in the country. The textile industry has been generated more than 35 million people and the industry will generate 12 million new jobs in year 2010. The Indian textile industry has been taking a new activity by entering the Chinese market. Because most of the top global retailers (JC Penny, Nautica, Docker and Target) have their sourcing network in India. Indian textile which is worth US $ 23 billion is expect to register fourfold increase US $ 91- 100 billion in the next 20 to 25 years.

HISTORY

No one knows when exactly the spinning and weaving of textile began. It has been said that people knew how to wave even 27000 years ago. The oldest actual fragment of cloths found was in southern Turkey. People used fibers found nature and hand processes to make fiber into cloth. Even though high technology was not available, skilled weavers created a wide variety of fibers. With the growth of cities and nations, improvement in technology came into place and there was a substantial development in the...