The textile industry is always considered as the most capital and labour intensive industry in compared to automobiles and IT industry. Textile industry is more dependent on the supply of the proper supply-chain management of important fibres like - cotton, jute, silk, polyester, nylon and acrylic etc.
The most important apparel and textile industry is one of the most growing industry in the developing economies like - China and India. China will be the most ergonomic country with the worth textile market of 300 billion dollars and India will be the second most ergonomic country with more than the 100 billion dollar industry.
The overall CAGR rate of the global apparel market is measured with the 4% growth rate. Amazon, Flipkart, Myntra, Snapdeal is one of the leading ecommerce industries which are being successful in making the India well renowned in the textile and apparel industry. The textile industry is divided into two segments - unorganized and organized sector.
The textile industry in unorganized sector is divided into handicraft and handloom sector and in organized sector, it is divided in to apparel, garment and spinning sector. Indian textile sector is employing 45 million people directly and 20 million people indirectly.
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by - Indian Crafts and Dreamteam Technologies -
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