The Indian textile industry is on track to become a global leader in exports, with Prime Minister Narendra Modi expressing optimism over its growth trajectory. As the sixth largest exporter of textiles and garments in the world, India is aiming to achieve a remarkable export target of ₹9 lakh crore before the set goal of 2030. This ambitious target is supported by substantial policy initiatives, budget allocations, and a focus on sustainable practices, poised to reshape the fabric of the industry.
India’s Goal to Dominate Textile Exports by 2030
During the India Tex 2025 event, Prime Minister Modi credited the hard work and strategic policies of the last decade for the textile sector’s continued growth, which has seen foreign investment double. He stated that with sustained efforts, the nation could achieve its export goals ahead of the planned timeline.
Continued Growth and Employment in the Textile Sector
The textile and apparel sector recorded a remarkable seven percent growth last year, contributing significantly to job creation. Each unit in this sector requires an investment of only ₹75 crore but employs up to 2,000 individuals, demonstrating its potential as a major employment generator.
Government Initiatives to Support Cotton Production
In the recent budget, ₹500 crore was allocated for the National Cotton Technology Mission, aimed at enhancing the productivity of long-staple cotton varieties. This initiative is expected to stabilize cotton supply, making Indian cotton globally competitive while strengthening the entire value chain.
The Importance of Sustainable Practices
Prime Minister Modi highlighted the necessity for efficient resource management and minimal waste production in the industry. An analysis suggests a staggering 14.8 million tons of fashion waste may arise by 2030, with a significant portion currently not being recycled. This presents a crucial opportunity for the textile industry to innovate and transform challenges into sustainable solutions.
Promoting Traditional Knowledge and Innovation
During the India Tex event, Modi emphasized collaboration with premier institutions like the Indian Institute of Technology (IIT) for developing new textile technologies. Furthermore, he encouraged the integration of traditional practices with modern innovation, ensuring India’s products appeal to the global youth market.
Geographical Indication Tagging for Handloom Products
Geographical Indication (GI) tagging for handloom products has been a game changer, providing significant advantages to Indian brands. By highlighting the synergy between tradition and innovation, Modi asserted the importance of launching new products that attract youth both in India and globally.
Leveraging Technology in the Textile Industry
Technological advancements are crucial in exploring new trends and creating styles. Modi noted the increasing role of Artificial Intelligence (AI) in trend forecasting, which empowers entrepreneurs to elevate their businesses from local to international platforms. He reaffirmed the commitment to enhance the textile sector’s investment, exports, and overall growth.
A Platform for Global Engagement
India Tex is becoming a vital global platform for policymakers, CEOs, and industry leaders to engage, collaborate, and form partnerships. By merging traditional sustainable technologies with cutting-edge advancements, millions of artisans, weavers, and women linked to this industry stand to benefit greatly.
In conclusion, India’s textile sector is set not just to reach but potentially exceed its ambitious goals through strategic investments, technological innovations, and a relentless focus on sustainability. The future is bright for the Indian textile industry, with great potential to bolster the nation’s economy and create countless new jobs.