PM Modi hopeful of achieving ₹9 lakh-cr textile exports ahead of 2030 deadline
The Hindu
PM Modi optimistic about textile sector reaching ₹9 lakh crore export target ahead of 2030 deadline.
Prime Minister Narendra Modi on Sunday (February 16, 2025) said he is optimistic that the textile sector will achieve the Rs 9 lakh crore annual exports target ahead of the 2030 deadline.
This assumes significance in view of the General Budget 2025 announcement of a five-year Cotton Mission to increase cotton productivity especially of extra-long staple varieties.
It allocated ₹500 crore for the National Cotton Technology Mission.
Speaking at the Bharat Tex 2025, Mr. Modi said, "We are currently ranked as the 6th largest exporter of textiles and apparel in the world, with textile exports valued at approximately ₹3 lakh crore. Our goal moving forward is to triple this figure and achieve exports worth Rs 9 lakh crore.
"This success is attributed to the hard work and consistent policies implemented over the past decade, which have led to a doubling of foreign investment in the textile sector during this period.
He said, "The way work is being done, I think we will achieve this target ahead of the 2030 deadline." This success is attributed to the hard work and consistent policies implemented over the past decade, which have led to doubling of foreign investment in the textile sector during this period, he said.
The sector is a major employment generator and contributes 11 per cent to the manufacturing sector.
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