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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 first motor to be manufactured in India came from a small engineering shop in Coimbatore. Today, the pump and motor manufacturing sector is among the largest engineering activities in the city. The pump manufacturing industry in Coimbatore. Over the years, the city has become as well known for its pumps as it has for its textiles.
[6] [7] As of 2015, the textile industry in the state accounted for 17% of the total invested capital in all the industries. [8] As of 2021 [update] , 40% of leather goods exported from India worht ₹ 9,252 crore (US$1.1 billion) are being manufactured in the state.
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]
Mega Integrated Textile Region and Apparel(MITRA) was announced in 2021 by Government of India to encourage the Textile Industry. [1] [2] [3] Shortlisted places in the states can set up Mega Integrated Textile Region and Apparel either at brownfield (which has been built on) sites or at greenfield (not earlier been built on) sites.
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.
Nearly 11% of India's total export is textile. This sector has attracted about $1647 million from April 2000 to May 2015. 100% FDI is allowed under automatic route. [42] During year 2013–14, FDI in textile sector was increased by 91%. [43] Indian textile industry is expected reach up to $141 billion till 2021. [44]
Arvind Mills is one of the largest textile mills in the country. An Arvind mill is one of the three largest producers of denim in the world. [citation needed] Dirubhai Ambani started his the first textile mill at Naroda in February, 1966. [7] Ahmedabad GDP was US$65 billion in 2008. Ahmedabad also has a thriving chemicals and pharmaceuticals ...