The Indian textile industry is one of the largest in the world with a massive raw material for textiles industry. Indian economy is highly depending on the textile manufacturing and trade in addition to other major industries. About 27% of the foreign exchange earnings are on account of export of textiles and clothing. The textiles sector contributes about 14% to the industrial production and 3% to the gross domestic product of the country. Around 8% of the total excise revenue collection is contributed by the textile industry. The textile industry creates 21% of the total employment generated in the economy. People are directly employed in the textile manufacturing activities and indirect employment including the manpower engaged in agricultural based raw-material production like cotton and related trade and handling could be stated to be around another 60 million.