Gradually India is emerging as an important centre for low cost high quality international fashion attires. Textiles account for 14 per cent of India’s industrial production and around 27 per cent of its export earnings. India grows its own raw material (cotton, jute, silk and wool). Manmade fibres account for around 40 per cent share in a cotton-dominated Indian textile industry. India accounts for 15% of world’s total cotton crop production and records largest producer of silk. India’s cotton textile industry has a high export potential. Cost competitiveness is driving the penetration of Indian basic yarns and grey fabrics in international commodity markets. Besides natural fibres such as cotton, jute and silk, synthetic raw material products such as polyester staple fibre, polyester filament yarn, acrylic fibre and viscose fibre are produced in India. India is set to increase its value of textile and apparel exports from the current US$ 11 billion to US$ 50 billion by 2010. Further details on Indian textile industry could be obtained from the following web-pages:
http://texmin.nic.in
http://www.texprocil.com
http://www.aepcindia.com