India’s textile industry, deeply rooted in abundant raw materials, traditional skills, and a strong government support, continues to serve as one of the nation's most significant economic pillars. Amid evolving global dynamics driven by geopolitical and economic shifts, India holds a strategic opportunity to increase productivity to scale its exports and enhance share in global market.
To capitalize on this opportunity, it is imperative for India to address critical challenges related to enhancing competitiveness, scaling up production capacity, modernizing technology, and strengthening workforce capabilities.
This report outlines six strategic recommendations, including integration of Industry 4.0, handholding industries through operational subsidies, establishing specialized training centres, scaling MSMSEs etc, aimed at enabling India to leverage the existing capacities and ongoing global reconfiguration as a springboard for growth. With concerted efforts, India can aim to achieve textile exports of US$100 billion within the next five years.
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