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Related Keywords: an initiative of the Centre, attract FDI, currently contributes about fourteen percent, four percent to GDP, Increasing FDI is a reason to cheer for the sector, Indian economy, Industrial Production, Investment India, Ministry of Textiles, one of the oldest industries, seventeen to the country export earnings, Textile, witnessing huge FDI inflows

Textile, one of the oldest industries in the Indian economy dating back several centuries, is witnessing huge FDI inflows, according to Investment India, an initiative of the Centre to attract FDI. Increasing FDI is a reason to cheer for the sector which currently contributes about 14% to industrial production, 4% to GDP, and 17% to the country’s export earnings, according to the Annual Report 2016-17 of the Ministry of Textiles.

Related Keywords: companies to become more sustainable, designers, expertise to the world, fashion industry, handloom industry, handloom products, highest employment rate, importance to handloom sector, Indian economy, ingenuity, major role in fabric, one of the most important industries, resonates rich and diverse culture, showcases country impeccable skill

The handloom industry is one of the most important industries for Indian economy which resonates the rich and diverse culture, it also showcases country’s impeccable skill, ingenuity and expertise to the world. This industry has the highest employment rate after agriculture and accounts for 4 percent of the GDP, 14 percent of industrial production and 17 percent of the country’s total export earnings.

Related Keywords: companies to become more sustainable, designers, expertise to the world, fashion industry, handloom industry, handloom products, highest employment rate, importance to handloom sector, Indian economy, ingenuity, major role in fabric, one of the most important industries, resonates rich and diverse culture, showcases country impeccable skill

The handloom industry is one of the most important industries for Indian economy which resonates the rich and diverse culture, it also showcases country’s impeccable skill, ingenuity and expertise to the world. This industry has the highest employment rate after agriculture and accounts for 4 percent of the GDP, 14 percent of industrial production and 17 percent of the country’s total export earnings.

Related Keywords: Apparel Industries, cities around the country, double or triple capacity, expand their Indian operations, foreign investment, hub of indian yarn, huge factories, Indian economy, Multinational companies, outside investors, rupee surging, spurring business expaniesion, start new ones, Textile Industry, Tiruppur

Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is emerging as one of the few hopes for global growth, as other big developing markets stumble. China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

Related Keywords: 11 percent growth, cotton woven, develop cotton-based, filaments, Indian economy, Indutech, innovative branch, knitted fabric, man-made fibre, technical textile products, Technical textile sector

Technical Textile sector is one of the most innovative branch of the industry in the world, ranking as one the five high tech sectors with the greatest potential for development. In India also technical textiles is one of the fastest growing segment of the Indian economy registering compounded annual rate of growth of 11% during 11th five year plan and the working group.