The market size is estimated at US$ 55 bn and accounts for 14% of industrial production and 18% of industrial employment. The industry also contributes 17% to gross export earnings and 4% to national GDP. The textile industry can be segmented into Natural fibres and Man-Made Fibres (MMFs) based on use of basic raw material, cotton or crude derivate, respectively. Due to tropical climate, cotton is considered as preferred choice over MMF. Even though, cotton is the dominantly consumed fibre in India the share of cotton in total fibre consumption has shown a decline over the years.( http://www.bharatbook.com/detail.asp?id=104063&rt=Indian-Man-Made-Fibre-Industry.html )...