India pushes for global textile leadership with $100 billion export target

Lucknow ( Raghwendra Pratap Singh) :

Union Finance Minister Nirmala Sitharaman on Monday called for strengthening the textile value chain “from farm to fibre, factory, fashion and foreign markets” to build a robust and globally competitive textile sector, while outlining ambitious targets of USD 100 billion in textile exports and USD 250 billion in textile production by 2030.

Addressing the TEXPROCIL Export Awards 2023–24 ceremony in Mumbai, Sitharaman said achieving the vision of Viksit Bharat by 2047 would require accelerated growth in the textile industry, which remains one of the country’s largest employment-generating sectors.

The Cotton Textiles Export Promotion Council (TEXPROCIL) organised the event to honour top performers in India’s cotton textile export sector. Awards were presented to exporters for outstanding export performance, employment generation, innovation, ESG initiatives and excellence in e-commerce.

During the event, the Finance Minister also launched TEXPROCIL’s Advanced Certificate Programme in International Trade (ACPIT), aimed at strengthening India’s export ecosystem and improving global trade competitiveness. The programme has been designed in alignment with various government schemes and policy initiatives.

The Minister noted that India has emerged as the world’s sixth-largest textile exporter, with the sector contributing around 2.3 per cent to GDP and accounting for nearly 12 per cent of the country’s export earnings. The industry supports nearly six crore livelihoods directly and indirectly, while textile exports touched approximately USD 33.5 billion in 2025-26, she added.