Textile Sector Targets $350 bn Market by 2030: Giriraj Singh
Singh described Surat as an emerging economic hub for the country and underlined the importance of the city’s textile industry in the sector’s future development. The consultation programme brought attention to opportunities for entrepreneurs in technical textiles, garmenting and branded textile manufacturing.
The minister said the textile industry would have a crucial role in advancing the vision of a Developed India. He linked the sector’s future growth to government initiatives designed to encourage investment, strengthen manufacturing capacity and support the expansion of textile-related businesses.
Among the measures highlighted were the PM MITRA scheme and the Production Linked Incentive scheme, commonly referred to as the PLI scheme. Singh said these initiatives would drive transformative growth in garmenting and branded textile manufacturing in Surat, reinforcing the city’s position as an important centre for the industry.
The government schemes are also expected to support the broader expansion of India’s textile market. Singh said the measures would be key to achieving the targeted market size of $350 bn for the Indian textile sector by 2030, with technical textiles identified as an area offering significant opportunities for new entrepreneurs and manufacturers.