Prime Minister Narendra Modi has set an ambitious target of tripling India’s textile exports to ₹9 lakh crore by 2030, emphasizing the sector’s rapid growth and global potential. Speaking at Bharat Tex 2025 in New Delhi, he stated that the industry could reach this goal even earlier by leveraging the “Five Fs” vision and a $7.5 billion global opportunity in textile waste recycling.
India’s Textile Industry on a Growth Path
- India’s textile exports have already hit ₹3 lakh crore, with a 7% annual growth rate, making it the sixth-largest textile exporter in the world.
- The textile sector accounts for 11% of India’s total manufacturing output.
- Foreign investment in the sector has doubled in the last decade due to government incentives and reforms.
- The Five Fs vision—Farm to Fiber, Fiber to Factory, Factory to Fashion, and Fashion to Foreign Markets—guides India’s textile sector development.
Bharat Tex 2025: A Gateway to Global Markets
Bharat Tex 2025, a mega global textile event held from February 14-17, has exhibitors from 126 countries and provides Indian entrepreneurs exposure to over 120 international markets. The event highlights India’s self-reliant textile ecosystem and boosts MSMEs in the sector.
Textile Recycling: A $7.5 Billion Global Opportunity
PM Modi urged Indian startups to focus on textile waste recycling, a $400 million emerging industry in India with $7.5 billion global potential.
Cotton Productivity Mission & PM MITRA Parks
- The Union Budget 2025 introduced a five-year Cotton Productivity Mission to enhance cotton yield and quality.
- The government’s PM MITRA parks initiative supports integrated textile hubs to streamline production and exports.
Rising Textile Exports Amid Global Shifts
India’s textile exports have surged, especially in jute products and garments, benefiting from political instability in Bangladesh:
- Jute product exports grew 44% in October 2024, reaching $36 million.
- Readymade garment exports rose 35%, hitting $1,227 million in October 2024.
With strategic investments, global partnerships, and policy support, India’s textile industry is poised for unprecedented growth, reinforcing its position as a leading global exporter.
