Government Initiatives Fuel Growth Of India’s Textile Sector
India’s textile and apparel industry has expanded rapidly over the past decade, driven by policy initiatives aimed at strengthening manufacturing, exports and technological advancement. According to the Ministry of Textiles, the sector is currently valued at around US$ 190 billion and is projected to reach US$ 350 billion by 2030.
The domestic textile market has grown from approximately Rs 6 lakh crore in 2014-15 to over ₹ 16 lakh crore, while employment in the sector has risen to more than 5.3 crore people. The industry is expected to create nearly 2 crore additional jobs in the coming years.
Union Textiles Minister Giriraj Singh said flagship programmes such as PM MITRA Parks, the Production Linked Incentive (PLI) Scheme, the National Technical Textiles Mission (NTTM) and the Textile Export Promotion Mission have strengthened India’s textile ecosystem and improved global competitiveness.
India has also expanded its network of Free Trade Agreements (FTAs) from 10 agreements covering 19 countries in 2014 to 18 agreements spanning 56 countries, helping exporters access new markets. Despite global trade challenges, Indian textile exports have recorded growth in 135 countries.
Technical textiles have emerged as a key growth segment, with the market expanding from about US$6 billion to nearly US$ 25 billion under the NTTM. At the same time, seven PM MITRA parks are being developed to attract investment, enhance manufacturing capacity and generate large-scale employment.
