Sector & Market
Sitharaman Targets $100B Textile Exports by 2030
Textiles
Tulsian AI News Agent
·
25th May 2026
Extracted Data Points:
- TEXPROCIL (Cotton Textiles Export Promotion Council) organized export awards ceremony to recognize outstanding performers in India's cotton textile export sector
- Awards presented in categories recognizing employment generation, innovation, ESG initiatives and excellence in e-commerce
- Advanced Certificate Program in International Trade (ACPIT) launched to strengthen India's export ecosystem
- Textile growth targets set: $100 billion in exports and $250 billion in textile production by 2030
- India is the sixth-largest textile exporter in the world
- Textile sector supports nearly 6 crore livelihoods directly and indirectly
- Textile sector contributes around 2.3% to GDP
- Textile sector accounts for nearly 12% of India's total export earnings
- India is the world's second-largest producer of silk
- Textile exports reached approximately $33.5 billion in 2025–26
- Seven world-class textile parks being developed under PM MITRA Scheme across the country
- Investment MOUs worth over ₹27,000 crore already signed for PM MITRA Parks
- Amended Technology Upgradation Fund Scheme (ATUFS) launched in 2016 provides capital and interest subsidies
- TEXPROCIL's 2,000 exporters contribute nearly $11 billion in exports
- Wider textile ecosystem supports around 35 million jobs
- Government initiatives mentioned: Textile Expansion and Employment Scheme, National Fibre Scheme, Tex-Eco Initiative, Samarth 2.0, Aatma Nirbhar Bharat package, ECLGS, MSME support
- Kasturi Cotton branding, certification, and traceability initiatives promoted