Saturday 16 June 2012

TEXTILE INDUSTRY - A VIABLE CHOICE



Hi all,this is the wonderful startup by students.

->I would like to share my views about my ambition.My aim is to start a textile business.Here is some info about textile history.

->India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world.

India textile industry largely depends upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile industry currently generates employment to more than 35 million people. It is also estimated that, the industry will generate 12 million new jobs by the year 2010.

As per the facts(http://business.mapsofindia.com/india-industry/textile.html)u can see that this is a blooming industry which has a lot of enterprenurial potential. So i request all buddies to consider this industry as a future business option.

Krishna Kumar

2 comments:

  1. Its a wonderful piece of news for aspiring professionals. We are going back to our roots of agriculture, textiles and cottage industries. That is where our real strength lies

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    Replies
    1. Absolutely..a very apt and relevant article for the moment..where agriculture would be the next big thing as we fail to realise that its first the basic amenities like food that has to be catered to..services, IT, manufacturing would all be unimportant and insignificant without a strong modern agricultural revolution..so what I am looking forward to, is an India which is the "best of both worlds"...where in the future, countries would come to India for agriculture..and it would be titled as the "grain warehouse of the world"...The cicle would be complete and we would get back to doing what we best at..rather, what we were proud of doing..our roots.. Sow seeds for a healthy holistic INDIA and infact the world..!!

      ROHIT BENGANI

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