NEW DELHI: India's textile industry is on the verge of expansion, with overall… Textile Exports It is estimated to reach $65 billion by FY26. Invest India,
“PM Modi's bold 'Fibre to Fashion' vision is guiding the textile industry to become a driving force in the global market, while also bringing efficiencies and technology to local players,” Invest India posted on X.
According to Invest India, Domestic textile marketThis market, valued at approximately $165 billion in 2022, comprises $125 billion from domestic sales and $40 billion from exports. Projections indicate that the market will grow at a compound annual growth rate (CAGR) of 10 percent to reach $350 billion by 2030.
Apart from its achievements in the textile sector, India has emerged as the second largest manufacturer of personal protective equipment (PPE) globally. With over 600 certified PPE producing companies, India is well positioned to be in a market expected to exceed $92.5 billion by 2025, up from $52.7 billion in 2019.
The textile industry is also a major source of employment, providing direct employment to 45 million persons and an additional 100 million people in related sectors. Cotton cultivation alone employs an estimated 6 million farmers and another 40–50 million people involved in processing and trade.
Several factors contribute to the growth of the industry, including India's world-class infrastructure, focus on technical textiles driven by demand from sectors such as automotive, healthcare and infrastructure, and availability of raw materials and skilled labour. Competitive manufacturing costs and a growing retail landscape, including e-commerce, further add to the attractiveness of the sector.
To support this growth, the Government of India has launched the Production Linked Incentive (PLI) scheme with an allocation of Rs 10,683 crore. The initiative aims to increase the production of man-made fibre (MMF) apparel, MMF fabrics and technical textiles. Under the PLI scheme, 64 applications have been approved, involving a proposed investment of Rs 19,798 crore, with an estimated turnover of Rs 1,93,926 crore and anticipated employment for 2,45,362 persons. Investments are specifically planned in Madhya Pradesh, Uttar Pradesh and Rajasthan.
Foreign direct investment (FDI) in the textiles sector remains strong, with 100 per cent FDI permitted under the automatic route. From April 2000 to March 2024, India has attracted $4.47 billion of FDI in textiles, including dyed and printed fabrics.
Currently, India is one of the largest textile and apparel producers in the world, contributing about 2.3 percent to the country's GDP, 13 percent to industrial output and 12 percent to exports.
The country's share in the global textile and apparel trade is 4 per cent, indicating its important role in the international market.
The Indian textile sector is diverse and extensive, India is the second largest producer of cotton and jute and the second largest producer of silk. Significantly, 95 per cent of the world's handwoven cloth is produced in India.
“PM Modi's bold 'Fibre to Fashion' vision is guiding the textile industry to become a driving force in the global market, while also bringing efficiencies and technology to local players,” Invest India posted on X.
According to Invest India, Domestic textile marketThis market, valued at approximately $165 billion in 2022, comprises $125 billion from domestic sales and $40 billion from exports. Projections indicate that the market will grow at a compound annual growth rate (CAGR) of 10 percent to reach $350 billion by 2030.
Apart from its achievements in the textile sector, India has emerged as the second largest manufacturer of personal protective equipment (PPE) globally. With over 600 certified PPE producing companies, India is well positioned to be in a market expected to exceed $92.5 billion by 2025, up from $52.7 billion in 2019.
The textile industry is also a major source of employment, providing direct employment to 45 million persons and an additional 100 million people in related sectors. Cotton cultivation alone employs an estimated 6 million farmers and another 40–50 million people involved in processing and trade.
Several factors contribute to the growth of the industry, including India's world-class infrastructure, focus on technical textiles driven by demand from sectors such as automotive, healthcare and infrastructure, and availability of raw materials and skilled labour. Competitive manufacturing costs and a growing retail landscape, including e-commerce, further add to the attractiveness of the sector.
To support this growth, the Government of India has launched the Production Linked Incentive (PLI) scheme with an allocation of Rs 10,683 crore. The initiative aims to increase the production of man-made fibre (MMF) apparel, MMF fabrics and technical textiles. Under the PLI scheme, 64 applications have been approved, involving a proposed investment of Rs 19,798 crore, with an estimated turnover of Rs 1,93,926 crore and anticipated employment for 2,45,362 persons. Investments are specifically planned in Madhya Pradesh, Uttar Pradesh and Rajasthan.
Foreign direct investment (FDI) in the textiles sector remains strong, with 100 per cent FDI permitted under the automatic route. From April 2000 to March 2024, India has attracted $4.47 billion of FDI in textiles, including dyed and printed fabrics.
Currently, India is one of the largest textile and apparel producers in the world, contributing about 2.3 percent to the country's GDP, 13 percent to industrial output and 12 percent to exports.
The country's share in the global textile and apparel trade is 4 per cent, indicating its important role in the international market.
The Indian textile sector is diverse and extensive, India is the second largest producer of cotton and jute and the second largest producer of silk. Significantly, 95 per cent of the world's handwoven cloth is produced in India.