Downplaying the challenge posed by Bangladesh and Vietnam to India’s textile industry, Giriraj Singh, Union Textile Minister calls it a ‘hype’ created by a few vested interests.
The Modi Government aims to expand India’s textiles market from $176 billion to $350 billion by 2030, Singh informs.
In the 2025-26 Budget, the government has increased its allocation to the ministry by 19 per cent to Rs 5,272 crore. This will lead to job creation and exports from the textiles sector, he adds. Committed to reviving the jute sector, the government has also earmarked Rs 12,000 crore for the sector with efforts also on to organise craft village initiatives in India’s tourist destinations.
The government is also intensifying efforts to boost cotton productivity by adopting global best practices to increase the per-hectare yield, notes Singh. With an aim to adopt the Akola model, it has tasked the Cotton Corporation of India to identify one district in each state for conducting cotton productivity trials. It plans to implement this model to bridge the yield gap with global competitors. The government is targeting 1,000 kg per hectare in 11 major cotton-producing states, including Gujarat, Maharashtra, and Karnataka, by expanding the Akola Model, adds Singh.
In the technical textiles sector, the government has set an export target of $10 billion of technical textiles by 2030. It aims to start producing carbon fiber in the country by 2026, he adds.
The government is also promoting Make in India in the textiles sector to meet the growing domestic demand. It has set an ambitious target of $100 billion in exports for textile products by 2030, Singh.
Lastly, the government aims to increase jobs in the sector to 6 crore by 2030 from the current 4.5 crore. It plans to create 21 lakh jobs from the proposed seven PM-MITRA parks, Singh adds.
