The textile industry in India occupies a unique position in our economy contributing to nearly a third of the country's export earnings. This industry includes manufacturers, suppliers, wholesalers and exporters of Cotton Textiles, Handloom, Woolen Textiles etc. From the production of textile machinery and equipment, dyes and raw materials to the delivery of finished textiles, fabrics and garments, the textile industry in India has the vast potential for creation of employment opportunities. The number of textiles manufacturers, suppliers, wholesalers and textiles exporters in India has increased rapidly after independence. Today, handloom and cotton textiles exports in India is counted among the most important sectors.

A forerunner in international markets, the Textile Industry in India is widely acclaimed and acknowledged for its superb quality textiles. Total textile exports during April-March 1998-99 were to the tune of US $ 12533.1 million (RS.52720.78 crores). April 2000 to December 2000 has seen a remarkable increase in total exports of textiles at US$9735.2 million (RS.440179.4 million). Readymade garment exports which comprises nearly 40% of the total textile exports, were at US$ 3974.8 (Rs.180443.4 million) for April-December 2000.

The Government of India taking note of the new challenges and opportunities presented by changing global environment, particularly the initiation of the process of gradual phasing out of the QRs on imports and lowering of tariff rates for an integration of world textile and clothing markets by 2004, is set to redefine its goals and objectives vis-a-vis India's textiles. The National Textile Policy-2000 is focussed on increasing the present level of textile and apparel exports, to implement vigorously the Technology Upgradation Fund Scheme (TUFs), to increase cotton productivity by 50%, launch the Technology Mission on Jute, develop a strong multi-fibre base and to involve and ensure active cooperation and partnership of State Governments, Financial Institutions, Entrepreneurs, Farmers and NGOs in the fulfillment of these objectives.