The powerloom industry has traditionally been a cornerstone for the Indian economy in terms of foreign exchange earnings and employment. Powerlooms contribute around 70 per cent of the total jobs in the textiles industry, employing around 4.4 million people. The powerloom industry is equipped with approximately 2.701 million registered looms producing 54,000 square meter fabrics, which are concentrated in clusters across India. The industry produces wide range of fabrics ranging from grey, printed fabric, dyed fabric, cotton fabric, various mix of cotton, synthetic, and other fibres. In fact, Powerloom sector is major contributor in our export earnings.Most of Powerloom industry players only manufactures for job work where middleman/commission agent is involved, hence they hardly have any control over the pricing.The powerloom industry has traditionally been a cornerstone of the Indian economy in terms of foreign exchange earnings and employment.In India, Powerloom sector contributes to 57 per cent of the total cloth production and more than 60 per cent of fabric meant for export is also sourced from this sector.
The domestic textiles and apparel market is witnessing strong growth due to rapid increase in organised retail and disposable incomes. The market is estimated to reach US$ 141 billion by 2021. Apart from the US and the EU, which account for about two-thirds of India’s textiles export, China, the UAE, Vietnam, Sri Lanka, Saudi Arabia, the Republic of Korea, Bangladesh, Turkey, Pakistan, and Brazil are some of the other key export markets. There is huge potential for the powerloom industry in India.
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