Textile MSMES & their power to employ

The MSME (Micro, Small and Medium Enterprises) sector has been a key contributor to the country's GDP and even during the pandemic, it showed tremendous resilience, helping the economy recover faster from the dip in business due to the lockdown. One of the key sectors to have outshone others and registered tremendous growth textile and apparel MSME. Given its ability to sustain both domestic and exports growth, it may just be the most lucrative segment for creating employment opportunities.

- Anurag Singh Khangarot

About the Author

Anurag Singh Khangarot, Co-founder, Aachho Anurag Singh Khangarot has 10+ years of working experience in the e-commerce industry. After completing his MBA, Khangarot worked for e-commerce and digital payment start-ups to build strategic partnerships with stakeholders and drive revenue. In 2018, he, together with his wife Rimjhim Hada, launched Aachho, an ethnic wear fashion brand. He currently oversees the finance and technology side of the brand.

The textile & apparel industry's contribution to the country's GDP is around 5 per cent and in terms of industrial output, the T&A accounts for 7 per cent of the total value, making it one of the most promising industries in India (Source: investindia.gov.in). In fact, the T&A industry in India is one of the largest industries in the world and also the second largest employer in the country (Source: investindia.gov.in). It has generated approximately 45 million jobs directly and over 60 million jobs in allied industries.

There have been multiple driving forces behind the monumental growth of the industry and realising the full potential of each of these dynamics can help MSMEs unlock greater employment opportunities for the Indian workforce.

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