Last Updated: November, 2016
Cotton plays an important role in the Indian economy as the country's textile industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn. The Indian textile industry contributes around four per cent to country’s gross domestic product (GDP), 14 per cent to industrial production and 13 per cent to total export earnings. The industry is also the second-largest employer in the country after agriculture, providing employment to over 45 million people directly and 60 million people indirectly, including unskilled women.
The states of Gujarat, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Haryana, Rajasthan, and Punjab are the major cotton producers in India.
Various reputed foreign retailers and brands such as Carrefour, Gap, H&M, JC Penney, Levi Strauss, Macy's, Marks & Spencer, Metro Group, Nike, Reebok, Tommy Hilfiger and WaI-Mart import Indian textile products.
The Cotton Textile Export Promotion Council (TEXPROCIL) takes part in national and international events to enhance the visibility of Indian products, advertises and promotes Indian products in various media vehicles such as fashion magazines, event-related pull-outs, India reports and leading trade magazines, and organises buyer-seller meets (BSM) and trade delegation visits.
India's cotton production is expected to grow by 3.8 per cent year-on-year to 35.1 million bales of 170 kg each for the year 2016-17
Source: Cotton Advisory Board
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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.