Rapid Fire
Bharat Tex 2025
- 24 Feb 2025
- 2 min read
The Prime Minister addressed the Bharat Tex 2025 event, which is a global platform for engagement, collaboration, and policy discussions in the textile sector in which over 120 countries participated.
India’s Textile Sector:
- India’s textile industry contributes 2.3% to GDP, 12% to exports, 13% to industrial production and employs 45 million, second only to agriculture.
- India is the 6th largest textile exporter globally (after China, EU, Vietnam, Bangladesh, and Turkey) and world’s 2nd largest producer of textiles and garments.
- India's textile exports increased 7% from 2023 to 2024, reaching Rs 3 lakh crore, with a target of Rs 9 lakh crore by 2030.
Challenges in Textile Sector:
- India's textile sector faces high cotton dependence (60%), competition from Bangladesh & Vietnam, logistics inefficiencies (costs at 13-14% of GDP compared to China’s 8%) and environmental concerns from fast fashion.
- Government Initiatives for Textile Sector:
- Mega Integrated Textile Region and Apparel (MITRA) Parks
- Mission for Cotton Productivity: To facilitate improvements in productivity and sustainability of cotton farming.
- GI tagging for Handloom Products: E.g. Uppada Jamdani Sarees, Muga Silk of Assam, Kashmir Pashmina etc.
- Samarth Scheme
| Read More: India's Garment Export Sector |
