India Textile Industry Targets $350 Billion by 2030
By yash chouhan 2026-06-13 13:00:50
India's Textile Industry Moving Towards $350 Billion Target by 2030: Giriraj Singh
Union Textiles Minister Giriraj Singh stated on Thursday that India's textile industry has reached a level of approximately $190 billion by 2025-26 and is poised to achieve the $350 billion target by 2030. He noted that the sector has witnessed remarkable growth over the past decade, emerging as a key pillar of the country's economy and a major driver of employment generation.
According to the Minister, the domestic textile market has expanded from approximately ₹6 lakh crore in 2014-15 to over ₹16 lakh crore. Meanwhile, the textile and apparel sector currently provides direct employment to more than 5.3 crore people. An additional 2 crore employment opportunities are expected to be created in this sector over the next three years.
Highlighting the achievements of the last 12 years, Singh stated that Prime Minister Narendra Modi’s ‘5F’ vision—‘Farm to Fibre’, ‘Fibre to Factory’, ‘Factory to Fashion’, and ‘Fashion to Foreign’—has fostered a robust and integrated value chain connecting farmers, weavers, artisans, manufacturers, and exporters.
He mentioned that the government has launched several key initiatives to boost the textile sector, such as PM MITRA Parks, the Production Linked Incentive (PLI) scheme, the National Technical Textiles Mission (NTTM), the Textiles Export Promotion Mission (TEEM), the National Fibre Mission, and the Raw Material Support Scheme (RMSS). These schemes are strengthening investment, technological innovation, sustainability, and export competitiveness.
Singh added that the Cotton Productivity Mission has been launched to support cotton farmers and ensure the availability of adequate raw material for the industry, and import duties on cotton have been removed. Furthermore, exports are being promoted through schemes like RoSCTL and RoDTEP. He stated that India's FTA network has expanded from 10 agreements with 19 countries in 2014 to 18 agreements with 56 countries, creating new opportunities for exports and investment.
