India's textile sector targets $350 billion by 2030 with $100 billion exports, as minister Giriraj Singh highlights export diversification to 40 nations and the Bharat Tex 2026 event.
India's textile sector is targeting a $350 billion market by 2030, with $100 billion in exports, Union Minister Giriraj Singh said. The sector exports from 550 districts and has held steady during global uncertainty, Singh pointed out.
Singh outlined a diversification strategy focused on 40 key nations, aiming to reduce reliance on traditional markets. The government is also preparing for Bharat Tex 2026, a trade event that has already drawn buyers and investors from 130 countries. Free trade agreements and ease of doing business reforms are being used to lift global competitiveness, he added.
The minister did not provide a baseline for the current market size or a timeline for the 40-nation expansion. The $350 billion target represents a significant increase from India's present textile output, though Singh offered no interim milestones.
Bharat Tex 2026 is expected to be the largest such event for the sector, the minister said, without specifying a date or venue.
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