The Indian textiles ministry is targeting to double textile production and trade to US$ 300 billion by 2025, according to its textile commissioner Kavita Gupta.
With the domestic production of textiles at US$ 110 billion and exports and trade at US$ 40 billion, the country's production of textiles at present is worth US$ 150 billion. "We are targeting to grow this to US$ 300 billion by 2025," she said.
To reach the target, the productivity and yield levels of both cotton and synthetic fibres will have to be stepped up. Cotton fibre production stands at 6.5 billion kg and synthetic fibres at 2.5 billion kg, taking the total fibre availability to 9 billion kg. This has to double to keep pace with the 2025 textile production target, she said, adding that the "journey of cotton and synthetic blends would go hand in hand in the years to come".