India's textile industry produces 42,000 million square meters of fabric and 5,000 million pieces of readymade garments annually. The industry is poised for strong growth, with apparel exports projected to rise from $6.1 billion currently to $15 billion by 2010. The government has implemented business-friendly policies like lowered import duties and tax benefits to attract foreign investment and help the industry expand. India needs access to innovative fabrics and accessories as it aims to meet domestic and export demand for textiles and apparel.