India Targets US$ 100 Billion Textile Exports By 2030, Pushes For Global Leadership
India has set an ambitious target of achieving US$ 100 billion in textile exports and USD 250 billion in textile production by 2030, with Union Finance Minister Nirmala Sitharaman calling for stronger integration across the textile value chain to position the country as a global textile powerhouse.
Addressing the TEXPROCIL Export Awards 2023–24 in Mumbai, Sitharaman stressed the need to build a seamless ecosystem from farm to fibre, factory, fashion and foreign markets to strengthen India’s competitiveness in the global textile sector.
She said the textile industry will play a pivotal role in realising the vision of Viksit Bharat 2047, highlighting its significance as one of India’s largest employment-generating sectors and a key contributor to economic growth.
Organised by the The Cotton Textiles Export Promotion Council, the event recognised leading exporters for excellence in export performance, innovation, employment generation, ESG initiatives and e-commerce.
During the ceremony, the Finance Minister launched TEXPROCIL’s Advanced Certificate Programme in International Trade (ACPIT), aimed at enhancing export capabilities and strengthening India’s global trade competitiveness.
Highlighting India’s rich textile heritage, Sitharaman said the country’s weaving traditions date back to the Sindhu-Saraswati civilisation, underlining the sector’s historical importance in shaping India’s global identity.
She noted that India is currently the world’s sixth-largest textile exporter, with the sector contributing around 2.3 percent to GDP and nearly 12 percent of total export earnings. Textile exports reached approximately US$ 33.5 billion in 2025–26, while the industry supports nearly six crore livelihoods, both directly and indirectly.
The Minister also highlighted key government initiatives introduced since 2014 to modernise the sector, including the PM MITRA Parks scheme, the Samarth skilling programme, GST reforms and the Amended Technology Upgradation Fund Scheme (ATUFS).
She said seven PM MITRA textile parks are under development across the country, with investment commitments exceeding Rs 27,000 crore, aimed at creating world-class textile manufacturing infrastructure.
Textile Commissioner Vrunda Desai reiterated the government’s commitment to sectoral modernisation and acknowledged recent budgetary measures focused on textile expansion, sustainability and employment generation.
TEXPROCIL Chairman Vijay Agarwal said the council’s 2,000 exporters contribute nearly US$ 11 billion in exports and highlighted ongoing efforts to promote Kasturi Cotton through certification, branding and traceability initiatives to strengthen India’s position in sustainable global textiles.
