<P> The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles . The textile industry continues to be the second - largest employment generating sector in India . It offers direct employment to over 35 million in the country . The share of textiles in total exports was 11.04% during April--July 2010, as per the Ministry of Textiles . During 2009--2010, the Indian textile industry was pegged at US $55 billion, 64% of which services domestic demand . In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India . According to AT Kearney's' Retail Apparel Index', India was ranked as the fourth most promising market for apparel retailers in 2009 . </P> <P> India is first in global jute production and shares 63% of the global textile and garment market . India is second in global textile manufacturing and also second in silk and cotton production . 100% FDI is allowed via automatic route in textile sector . Rieter, Trutzschler, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi's are some of the foreign textile companies invested or working in India . </P>

Discuss in detail the development distribution and importance of textile industry of india