Answer:
Cotton was the most important commodity traded in Ancient India to the Modern India. The origin of cotton textile industry dates back to 1818 AD when the first cotton textile mill was started at Fort Gloster near Calcutta but the first modern cotton textile mill was established in Bombay in 1854 by the local Parsi entrepreneur with the name of Bombay Spinning & Weaving Company.The Cotton Textile centres in India are distributed in four regions: Western Region, Southern Region, Northern Region and Eastern Region. The states like Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh, Karnataka, Madhya Pradesh, Rajasthan and West Bengal have very high degree of concentration of this industry and especially in the three cities of Bombay, Ahmedabad and Coimbatore.