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About The Industry


India  is the  second largest producer of textiles and garments in the world. The Indian textiles and apparel industry  is  expected  to  grow  very  fast in next few years. This industry accounts for large amount  to  the world’s spindle capacity. Abundant availability of raw materials such as cotton, wool, silk and jute as well as skilled workforce have made the country a sourcing hub


The  textiles industry has made a major contribution to the national economy in terms of direct and indirect employment  generation  and  net  foreign  exchange earnings. The sector contributes large amount to the country's  foreign  exchange  inflows. It provides direct employment to over 45 million people. The textiles sector   is  the   second   largest   provider  of  employment  after  agriculture. Thus, growth  and  all  round development of this industry has a direct bearing on the improvement of the India’s economy.

The Indian textiles industry is set for strong growth, buoyed by strong domestic consumption as well as export demand.


The most significant change in the Indian textiles industry has been the advent of man-made fibers (MMF). India  has  successfully  placed  its  innovative range of MMF textiles in almost all the countries across the globe. 


The  textiles  sector has  witnessed a spurt in investment during the last five years. The industry (including dyed and printed) attracted foreign direct investors.



Iron & Steel Scrap is  one of the  essential requirements  for  manufacture of steel in mini-steel industry. It is also consumed by some major steel plants. Scrap–especially  that  from the ship breaking industry supplies substantial quantity of re-rollable steel and steel scrap for the  iron & steel  industry. Iron scrap is available in the country in the form  of  pressed  bundles, a  mixture of  used  steel components (called as a commercial scrap), turnings and borings  and heavy melting scrap. These  are  generated by industries of all sectors like automobiles, railways  and engineering workshops. The  collection  and processing of scrap in an organised manner is undertaken  by a few units in the country. In  the  local  market, scrap is supplied by dealers who in turn arrange  to have scrap collected manually or through sub-dealers. The  consumption  of  scrap is mainly reported  by  Induction  Furnace  and  Electric  Arc  Furnace  units,  integrated  steel  plants and alloy steel & foundry industries. Scraps are used in the steel sector after recycling. Recycling scrap helps in conservation of  energy as  re-melting  of  scrap  requires much less energy than production of iron or steel from iron ore. Also, the consumption of iron  and scrap by  re-melting reduces the burden on land fill disposal facilities and prevents the accumulation  of  abandoned steel  products  in  the environment. It increases the availability of semi-finished   material   which  otherwise   would   have  to   be  produced  using  the ore.  Thus,  it  helps in conservation of natural resources.





Steel Scraps