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A Briefing into e-Invoicing

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Growth of Textile Industry in India

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India’s textiles sector is one of the oldest industries in Indian economy back from several centuries. The textile industry has two segments. First one consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organized sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques. "The Indian Textile Industry contributes approximately 5 per cent to India’s Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP)".   Source-IBEF India is among the largest producer of Textiles. Due to the rise in Apparel industry, many businesses are being set up in the country which can be seen as opportunity to provide billing solutions. After covering retail chains, restaurants, hotels and other small segment shops, WeP will be entering into textile segments to ease the process of ...
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Happy Gandhi Jayanti

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