INDIA
India is the world's second largest producer of textiles and garments and third largest producer of cotton. The textile and garment industry in India is one the oldest manufacturing sectors in the company and is currently its largest and its fulfill a vital role in the Indian economy and it has Prominent position in the textile world.

It has a total market size of US $ 60 billion and accounts for 26% of the manufacturing sector, 20% of industrial production and 18% of industrial employment. It contributes 15% to gross export earnings and 4% to national GDP. In fact, encouraged by the impressive growth, Union Textiles Secretary Rita Menon recently said that the target for textile exports has been raised to around $30 billion for the current financial year against $25 billion achieved in the previous year. "As the demand is on the rise in Western markets, the government has raised the target." With rapid on going reforms India is expected to further improve its position in the 21st century.

KNITTING INDUSTRY

The Indian knitting industry has been one of the most innovative global producers of knitwear products. Its a growing industry and it emerged as a premier supplier of value added items.

Recently the industry has seen major technological developments which provide an essential service to the industry in enabling us to reach our full competitive potential, taking full advantage of new and emerging technologies. A large number of sophisticated computerized knitting, embroidery machines, dyeing machines, state of the art sewing lines, CAD/CAM systems, large scale processing machines, and other machinery required in the knitwear manufacturing have been mostly imported. Most of the global players are buying the Indian market with great interest as one of key market in the new millennium.

A budget provision of Rs 17,822 crore has been approved, of which Rs 12,671 crore is for committed liabilities under the ongoing scheme, and Rs 5,151 crore is for new cases under A-TUFS

KNITTECH 2017

KNITTECH 2015 will exploit the opportunities arising from the very latest technological development make sure that we continue to innovate, preparing for the we need to future.
To do this, our textile and clothing industry needs strong and relevant skills to compete successfully in World markets. In some areas we already have these; using new computer technology in knitting machines, Indian companies are succeeding in both reducing the production time of garments and increasing their fashion and design content.

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TEXTILE INDUSTRY

Textile Industry is providing one of the most basic needs of people and the holds importance; maintaining sustained growth for improving quality of life. It has a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products, with substantial value-addition at each stage of processing; it is a major contribution to the country's economy. The government thinks India has the potential to increase its textile and apparel share in the world trade from the current level of 4.5 per cent to 8 per cent and reach $80 billion by 2020. Exporters are enjoying good demand and the industry players are booked with orders through June and July 2011, which is exceptionally good for the Industry. "There is a good demand for our exports in the US. There is an improvement in the European market as well," said Apparel Export Promotion Council (AEPC) Chairman Premal Udani. The US accounts for about 40 per cent of India's total garment exports. Exports started growing in August 2010 after witnessing deceleration in the initial months of the current-fiscal.

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