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India targets $100 billion textile exports
NDTV Profit··11 Jun
Union Textiles Minister Giriraj Singh said India is preparing a strategy focused on 15 high-income countries to raise textile exports from $37 billion to $100 billion. The government also aims to double India's textile market from Rs 16.5 lakh crore to Rs 33 lakh crore.
Prism
What It Means For You
- A successful textile export push could create jobs in garmenting, technical textiles, logistics and district-level manufacturing clusters.
- Preferential access to high-income markets can help Indian exporters only if quality, compliance and delivery timelines improve.
- Value-added exports matter because finished garments and technical textiles usually capture more margin than raw materials.
What's Happening
- India is targeting $100 billion in textile exports, up from $37 billion currently.
- The government is focusing on 15 high-income countries and 40 broader markets.
- Technical textiles and new-age fibres are part of the expansion strategy.
Textile Competitiveness
- Global textile markets are shaped by tariff access, labour cost, scale, compliance and speed to market.
- India competes with countries such as Bangladesh, Vietnam and China in garments and textile supply chains.
- District-based export hubs can work if supported by skills, infrastructure, credit and social facilities.
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