Not the sectors of information technology and real estate only but the other sectors also, especially textile are refurbishing in the realm of India after a long lull, although the brunt of the worldwide meltdown in the country can be debated upon. 

Now, as far as the latest study report, the Indian state of Andhra Pradesh ranked top in connection with the total number of investments made in textile projects this year and this has come out thanks to the study conducted by Confederation of Indian Industry—Southern region. The state of Tamil Nadu was ranked second while Karnataka and Kerala were ranked third and fourth respectively, CII—SR Quarterly Industry and Economic Update said.

It has also come to the knowledge that investments in textile projects in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Puducherry added up to Rs 69.20 billion. These investments include existing, planned and projects under execution, as per the assertion of the Confederation of Indian Industry. The report also stated that Andhra Pradesh had an estimated investment of Rs 33.79 billion, followed by Tamil Nadu at Rs 31.65 billion, Karnataka Rs 2.7 billion and Kerala Rs 1.06 billion.

On the word of the study report, textile companies in the realm of the southern region of India registered a 1.7 per cent increase on their operating income following decline in input and administrative costs. As indicated by the report, “The financial performance of the listed textile companies in the Southern Region report ed a 1.7 per cent increase in operating income to Rs 19.88 billion during April—June 2009”.

Textile Industry in India happens to be the second largest employment generator after agriculture and holds an important status in India for the reason that it is one of the most fundamental necessities of the people. Moreover, textile industry was one of the earliest industries to come into existence in India and it accounts for more than 30% of the total exports.