'30 Percent Textile Units Shut As Of 2010-11; Led To Huge Job Losses'

Monday, 28 October 2013, 14:09 Hrs
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New Delhi: About 30 percent of total textile factories across India were non-operational as of 2010-11 which led to massive job losses in the sector, a study by industry body Assocham has found.

"Of the total 17,987 textile factories across India, 12,688 factories were operational and around 5,300 were non-operational as of 2010-11," the study said.

Consequently, the share of jobs lost due to shutdown of operations of textile factories also rose from six per cent in 2000-01 to 42 percent in 2010-11, it found.

"This is a matter of grave concern as organized textile sector, apart from creating 14 lakh jobs, also contributes four per cent to the Gross Domestic Product ( GDP) and 10.1 percent to the total exports earnings," Assocham Secretary General D S Rawat said.

Among states, Tamil Nadu, Gujarat, Punjab, Maharashtra and Uttar Pradesh together accounted for about 88 percent of the non-operating textile factories, the study found.

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Source: PTI
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