Indian textiles industry is one of the largest and oldest in the country. The sector showcases rich cultural heritage and traditional designs blend with modernity, making its products popular across the globe. India has diverse presence of natural and manmade fibres and the entire value chain exists in the country. The sector is closely linked with agriculture for its raw material requirements such as cotton, jute and silk etc.
In the last five years, the sector has shown an average growth of 6%. The sector contributes 2% to India’s GDP, 10% to manufacturing production and 13% to country’s export earnings. It is a labour intensive sector and generates huge employment both for skilled and unskilled labour. The sector directly employs more than 45 million people and hence is regarded as one of the largest employment generating sectors in the nation after agriculture. India exports large amount of textiles and garments currently standing at $36.6 billion.
FICCI Textiles Committee works towards the holistic development of textiles industry in India. The objective of the committee is to work along with various stakeholders representing wide variety of sub-sectors of textiles industry like cotton, man-made, wool, silk, handlooms, Jute, handicrafts, apparels and technical textiles etc. Apart from major policy issues such as high cost of power and logistics, ground water extraction and availability of raw materials, FICCI has been actively involved with Government regarding various issues related to GST and Foreign Trade Policy for the sector. The Committee has been working closely with states too to help them out with their textiles policy particularly in Uttar Pradesh and West Bengal.
FICCI has been at the forefront of facilitating knowledge sharing in various segments of textiles and apparels industry. The committee has been at the forefront of Policy advocacy for the sector and has given detailed inputs for the National Textiles Policy and has worked very closely with the West Bengal Government for the formulation of their Textiles Policy.
Lack of standards has been a serious impediment for development of the technical textiles sector in the country. FICCI has been working closely with Bureau of Indian Standards (BIS) for formulation of standards on technical textiles. FICCI jointly with Ministry of Textiles and BIS has been organising National Conclave on Standards for Technical Textiles.