Cloth production increased by 18 per cent during December 2012 and increased by 19 per cent during April-December 2012. Cloth production by powerloom has increased by 1 per cent during December 2012. During April-December 2012, powerloom and hosiery production increased by 1 per cent and 10 per cent respectively and handloom production remained at the same level during the same period.
The total cloth production increased by about 1 per cent during December 2012 and increased by 4 per cent during April-December 2012. The potential size of the Indian textile and apparel industry is expected to reach US$ 221 billion by 2021, according to a textile research report.
The Indian textile sector has witnessed a spurt in investment during the last five years. The industry attracted foreign direct investments (FDI) worth Rs 5656.42 crore (US$ 1.04 billion) during April 2000 to November 2012.