ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Textile Hotspots

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Swadeshi is the mantra ushered in by the government’s ambitious “Make in India” initiative. Small and medium enterprise (SME) clusters are engines of such social and economic growth. However, in a globalised world,SMEs face formidable challenges. Strategically locatedSME hotspots lead to innovative interdependencies through the sharing of knowledge, expertise, and resources that foster local industrial development. A fragmented sector, the textile industry now is moving towards clustering that enhances the cohesive power ofSMEs.

The textile industry in India being one of the 25 core sectors identified for “Make in India” mission enjoys inherent advantages of resources, labour force, and low cost of production. It is an extremely varied sector, with the hand-spun and hand-woven segment that is fragmented with unorganised units at one end of the spectrum, and the capital-intensive sophisticated mill sector at the other. It forms a major component of our national economy accounting for 14% of the industrial production and 4% of the gross domestic product. With a contribution of 13% of the total exports and 23% year-on-year growth, this sector plays a critical role in exports, which is estimated to touch ₹65 billion by March 2017.

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Updated On : 7th Apr, 2017
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