Union Finance Minister Ms. Nirmala Sitharaman has called for strengthening India’s textile value chain—from farm to fibre, factory, fashion, and foreign markets—to build a globally competitive textile industry. Speaking at the TEXPROCIL Export Awards ceremony in Mumbai, she highlighted the sector’s critical role in driving economic growth and achieving India’s long-term development goals.
The government has set an ambitious target of achieving Rs. 9.67 lakh crore (US$100 billion) in textile exports and Rs. 24.17 lakh crore (US$250 billion) in textile production by 2030. The textile industry is expected to play a pivotal role in realizing the vision of Viksit Bharat by 2047.
Organized by the Cotton Textiles Export Promotion Council (TEXPROCIL), the awards ceremony recognized outstanding exporters for excellence in exports, innovation, employment generation, ESG initiatives, and e-commerce performance. During the event, TEXPROCIL also launched the Advanced Certificate Programme in International Trade (ACPIT) to strengthen India’s export ecosystem and enhance global competitiveness.
Highlighting India’s rich textile legacy dating back to the Sindhu-Saraswati Civilization, the Finance Minister noted that India is currently the world’s sixth-largest textile exporter. The textile sector contributes approximately 2.3% to India’s GDP and nearly 12% of the country’s total export earnings while supporting around six crore livelihoods directly and indirectly.
- India targets US$100 billion textile exports by 2030.
- Textile production goal set at US$250 billion by 2030.
- Sector expected to support the Viksit Bharat 2047 vision.
- India ranks as the world's sixth-largest textile exporter.
- Textile industry contributes 2.3% to GDP and 12% of total exports.
- Sector supports around six crore livelihoods
- Textile exports reached US$33.5 billion in FY26.
- ACPIT programme launched to strengthen export capabilities
- Seven PM MITRA Parks under development with US$2.91 billion in committed investments.
- Key reforms include GST reforms, PM MITRA Parks, and the Samarth Scheme.
