At present the Company is dealing in textile, trading of cloth and grey. The Company is also dealing and trading in shares and securities in the stock market. India is the second largest producer of textiles and garments in the world. The textiles industry has made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings.
The sector contributes about 14 per cent to industrial production, 4 per cent to the gross domestic product (GDP), and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people. The textiles sector is the second largest provider of employment after agriculture. Thus, growth and all round development of this industry has a direct bearing on the improvement of the India’s economy.
The Indian textiles industry is set for strong growth, buoyed by strong domestic consumption as well as export demand. . Abundant availability of raw materials such as cotton, wool, silk and jute as well as skilled workforce have made the country a sourcing hub.