http://en.wikipedia.org/wiki/Indian_Textile_Industry

During the late 17th and 18th century there were large export of the Indian cotton to the western countries to meet the need of the European industries during industrial revolution. Consequently there was development of nationalist movement like the famous Swadeshi movement which was headed by the Aurobindo Ghosh.
There was also export of Indian silk ,Muslin cloth of Bengal, Bihar and Orissa to other countries by the East Indian company (The East Indian Company was the British by the way Tigerboyy).

According to Kearney’s ‘Retail Apparel Index’ India ranked as the fourth most promising market for apparel retailers in 2009

Oh yes I see what you mean "they completely destroyed local industry in particular textiles. Sent then back to the dark ages."