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India’s textile industry to grow to $350 billion by 2030

  

Poised for a significant growth, India's textile industry is projected to reach $350 billion by 2030 and create 35 million new jobs. Contributing 2.3 per cent to the nation's GDP, the sector directly employs 45 million people and indirectly supports another 55 million through its value chain. As the second-largest employment generator in India, after agriculture, the sector plays a vital role in women's empowerment and rural development.

Combining cutting-edge technology with India’s cultural heritage, the textile sector spans from mass-produced apparel and technical textiles to traditional handwoven fabrics like khadi and silk. This diversity has boosted India’s international reputation and spurred economic growth. The sector’s extensive supply chain stretches from farms to fibers, fabrics, fashion, and global markets, attracting international brands and merchants. However, to maintain competitiveness, Indian manufacturers are focusing on design, anticipating trends, and producing high-quality, adaptable goods for discerning consumers.

A notable shift is occurring towards high-value technical textiles for industries like healthcare, automotive, and agriculture. India is diversifying its fiber base, reducing dependence on cotton by incorporating synthetic fibers, supported by the National Technical Textiles Mission (NTTM) to enhance its position in this growing market.

Government initiatives such as PM MITRA Textile Parks, SAMARTH for workforce upskilling, and the Production Linked Incentive (PLI) Scheme are driving growth. Indian companies are also leading in sustainability, with practices like solar energy use, water-efficient processes, and waste reduction becoming more common.

Looking ahead, India’s textile sector is investing in research and development, technological modernization, and strategic partnerships to foster innovation. Sustainability remains a priority, with a focus on energy efficiency and decarbonization strategies.

Scheduled for February 2025 in New Delhi, Bharat Tex 2025,will showcase India’s textile potential on a global scale. With over 5,000 exhibitors and 20,000 products, it will highlight sustainability through specialized pavilions and host key events like the Better Cotton Annual Meet and the International Silk Conference. Bharat Tex 2025 aims to set new standards for innovation, sustainability, and global trade, reinforcing India’s leadership in the textile industry.

 
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