The successful functioning of any industry is determined by the factors like men, material, money and market. Among all these factors, manpower assumes greater significance. Manpower is the life blood of any industry. Therefore, every effort should be taken on a priority basis to keep this factor for achieving the main objectives of the industry. The textile industry occupies a unique place in our country. It is the second largest employment generator after agriculture. The textile industry being labor-intensive, is a major contribution to the country’s economy with its vast potential for creation of employment opportunities in the agricultural and industrial sectors. Business organizations are made up of people and function through people. Textile industries are no exception to this. Hence, it is essential for every organization to adopt the human resource management practices in the administration. This paper also analyzes the human resource management in textile industry.

The textile industry occupies a unique place in India. It is one of the earliest industries that came into existence in India. It accounts for 14% of the total industrial production, contributes nearly 30% of the total exports, and is the second largest employment generator after agriculture. Textile industry caters to one of the most basic needs of people and holds importance in maintaining sustained growth for improving the quality of life. It has a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products, with substantial value addition at each stage of processing. It is a major contributor to the country’s economy.

The textile industry has been the mother industry of the economy and it has been an engine of the economic growth. The origin of the textile mill dates back to 1818 when the first cotton mill was established at Fort Gloster near Calcutta.

The Indian textile industry has a significant presence in the Indian economy as well as in the international textile economy. The preeminent place of the textile industry in the national economy owes its contribution to the industrial production, employment generation and foreign exchange earnings. The textile sector contributes 3% of the gross domestic production, 14% of the total industrial production, 21% of the workforce, 27% of the gross export earnings, 5% of the exercise revenue and 7% of the gross import bill. Next to food, clothing is one of the most important items of family expenditure in India accounting for 10% share. Thus, from the point of view of production, employment, export and consumption, cotton textile industry is very important.

Apart from meeting the growing clothing needs of the increasing population, the cotton textile industry is the forerunner of India’s transformation from agrarian economy to industrial advancement. It laid the foundation for the development of a number of allied industries and services. The Indian entrepreneurship had its training ground in textile manufacture and the subsequent avenues of industrial growth and economic activity were made possible by the pioneering efforts of the textile industry.

Apart from being a source of providing one of the basic needs, the cotton textile industry plays a crucial role in the socioeconomic structure of India. In the nation’s wealth-creating activity, the textile industry has been continuing to play a pivotal role.

Management Research Journal, Multinational Companies, Indian Pharmaceutical Sector, Financial Management, Working Capital Management, Public Sector Enterprises, Inventory Management, Credit Management, Multinational Private Sector Companies, Multiple Regression Techniques, Pharmaceutical Companies.