Ahmedabad textile industry
From Wikipedia, the free encyclopedia
Ahmedabad has been a major center for textile production in India since the mid-19th century. The Ahmedabad Spinning and Weaving Company was founded on 30 May 1861 by Ranchhodlal Chhotalal, marking the city's first cotton mill.[1]
In the early 20th century, mills such as Calico (1888), Bagicha, and Arvind were established. By 1905, approximately 33 textile mills were operational in the city.[2]
Between 1951 and 1990, spindle capacity in Ahmedabad doubled from about 11 million to over 26 million.[3] Research institutions were established:
Decline in late 20th century
Policy and modern developments
The Gujarat Textile Policy 2019–2023 offered interest and power tariff subsidies.[8]
The revised Gujarat Textile Policy 2024, announced in October 2024, provides up to 35% capital subsidy, interest subsidies up to 7%, ₹1/unit renewable power subsidy, and monthly payroll support for employment generation.[9][10]
As of 2023–24, Gujarat ranked second among Indian states in textile exports, with a value of approximately US $5.75 billion.[11]