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India’s Textile Industry Targets US$ 350 Billion Milestone as Sector Enters New Growth Phase

• By  Textile Excellence
• June 11, 2026

India’s textile and apparel sector has witnessed a transformative decade, emerging as a globally competitive manufacturing powerhouse under the Government’s long term vision for the industry. Union Textiles Minister Giriraj Singh stated that the sector has expanded to nearly US$ 190 billion in 2025-26 and is on track to achieve US$ 350 billion by 2030, supported by policy reforms, infrastructure development, and rising global demand.

The domestic textile market has grown from approximately ₹6 lakh crore in 2014-15 to more than ₹16 lakh crore, while direct employment has crossed 5.3 crore people. Another 2 crore jobs are expected to be created over the next three years. Major initiatives such as PM MITRA Parks, the Production Linked Incentive Scheme, National Technical Textiles Mission, Cotton Productivity Mission, and Textiles Export Promotion Mission are accelerating investments and competitiveness.

India’s technical textiles market has expanded from about US$ 6 billion to US$ 25 billion, reflecting rapid adoption across industrial and infrastructure applications. Seven PM MITRA Parks are projected to attract investments of ₹70,000 crore and generate nearly 21 lakh jobs.

The Government has also strengthened export opportunities through expanded Free Trade Agreements, which have increased from 10 agreements covering 19 countries in 2014 to 18 agreements covering 56 countries. Despite global trade uncertainties, Indian textile exports have recorded growth across 135 international markets, reinforcing the country’s ambition to become a design driven, innovation focused, sustainable, and export oriented global textile hub.

The Government has also strengthened export opportunities through expanded Free Trade Agreements, which have increased from 10 agreements covering 19 countries in 2014 to 18 agreements covering 56 countries. Despite global trade uncertainties, Indian textile exports have recorded growth across 135 international markets, reinforcing the country’s ambition to become a design driven, innovation focused, sustainable, and export oriented global textile hub.