Textile giant with ambitious growth strategy
India is already one of the world's largest producers of natural and chemical fibers – and has a clear vision for its textile future: by 2030, industry sales are expected to rise to US$250 billion and exports to US$100 billion. To achieve this, the subcontinent is relying on a fully integrated value chain, a huge domestic market with a growing middle class, and massive government support programs.
With top positions in the global cotton, jute, and polyester segments, numerous regional textile clusters, and over 100 million employees, India's textile sector is a key growth engine for the economy. The main challenges lie in small businesses in need of modernization and a decline in international demand in some areas. The government intends to counteract this by investing in technology, infrastructure, sustainability, and seven new PM-MITRA textile parks.
The focus is on future-oriented topics such as high-tech textile machinery, AI, the circular economy, recycling, and the expansion of chemical fiber production. With ambitious trade agreements, growing domestic demand, and increased sustainability initiatives, India is positioning itself as an emerging global hub for modern, competitive, and sustainable textile production.
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