The size of the Indian Textile Industry is currently estimated at around US$ 108 billion and is expected to reach US$ 223 billion by 2021. The Domestic textile industry contributes to about 14% to India’s industrial production, 5% to the Gross Domestic Product (GDP) and 27% to the country’s foreign exchange inflows. 100% FDI in Textiles sector through automatic route provides excellent opportunity for investments in Indian textile Industry.
Assam ranks 3rd amongst raw silk producing states in India contributing over 80% of Muga silk and over 60% of Eri silk produced in India. The state houses more than 13 lakh looms out of the total 28 lakh looms in the country. Sualkuchi in Assam is known as the Manchester of the East and is world renowned for its unique Assam Silk. 98 Weavers Extension units and 20 Handloom Production Centres produce 65.3 thousand metres of handloom fabrics in the state.