Indian Textile Industry occupies a unique position in the national economy owning to its high employability and diversity of skill sets required in the wide range of segments, ranging from products of traditional handloom, handicrafts, wool, silk products to the organized textile industry comprising of spinning, weaving, processing, apparel and garment characterized by usage of capital intensive technology for mass production of textile products. The textiles sector has the second largest employment after agriculture sector and occupies an important position in the Indian economy. It also contributes 14% to industrial production, 4% to India’s GDP and constitutes to 13% of country’s export earning, with over 45 million people employed directly.