Font size:
Print
PM Modi’s Vision for India’s Textile Industry
Context:
Prime Minister Narendra Modi, while addressing Bharat Tex 2025 in New Delhi (Feb 14-17, 2025), expressed confidence that India will surpass the ₹9 lakh crore textile exports target before 2030. He highlighted the sector’s growth, investment potential, and sustainability efforts, outlining a roadmap for expansion.
More on News
- This is part of his broader vision for the textile sector’s future, which includes several initiatives outlined in the General Budget 2025.
- India is currently the 6th largest exporter of textiles globally, with exports valued at around ₹3 lakh crore.
Key Highlights
- Target: India aims to triple textile exports from ₹3 lakh crore to ₹9 lakh crore before 2030.
- Growth: 7% increase in textile and apparel exports last year.
- Foreign Investment: Doubled in the past decade due to consistent policies.
- Employment Contribution: Textiles sector contributes 11% to manufacturing and is a major employment generator.
Budget 2025 & Cotton Mission
- ₹500 crore allocated for the National Cotton Technology Mission.
- Five-year Cotton Mission to boost extra-long staple cotton productivity.
- Aim: Make Indian cotton globally competitive and strengthen the textile value chain.
Sustainability & Textile Recycling
- Global fashion waste expected to reach 148 million tonnes by 2030.
- One-fourth of textile waste is not recycled—India can turn this challenge into an economic opportunity.
- India’s textile recycling market projected to reach $400 million.
- Global recycled textile market estimated at $7.5 billion—India can claim a larger share.
Support for MSMEs & Banking Sector
- Textile MSMEs: One unit requires ₹75 crore investment but employs 2,000 people.
- Banking sector urged to understand textile industry needs and provide financial support.
Focus on Advanced Materials & Technical Textiles
- India is progressing in high-grade carbon fibre manufacturing.
- Technical textiles—India is making a mark in this field.
PM Modi’s 5F Vision for the Textile Industry
- Farm to Fibre → Fibre to Factory → Factory to Fashion → Fashion to Foreign
- Creating opportunities for farmers, weavers, designers, and traders.
Collaboration with IITs & Handloom Promotion
- Encouraged tie-ups with IITs to develop new textile technologies.
- Handloom sector promotion: Over 2,400 marketing events organised in the last decade.
