Covid 19 And Textile Industry

The textiles industry in India was estimated at more than US$ 100 billion in January 2020. It is the second-largest employer after agriculture, providing employment to over 45 million people directly and 60 million people indirectly. These include manufacturers, suppliers, wholesalers and exporters of Cotton Textiles, Handlooms, Woolen Textiles as well as those engaged in the manufacturing of textile machinery and equipment, dyes and raw materials, delivery of finished textiles, fabrics and garments. While the yarn is mostly produced in the mills, fabrics are produced in the Shuttleless looms, power loom, knitting m.c’s and handloom sectors. The textile industry indirectly contributed around 5 per cent to GDP. The sector contributed around 14 per cent to the overall Index of Industrial Production (IIP).

via Vikas Chachra – BW Businessworld