The contribution of the textile industry to the GDP will more than double from 2.3 per cent to about 5 per cent by the end of this decade. The Gross Value Added (GVA) is anticipated to display a consistent annual growth rate of 9 per cent from 2021 to 2028.
Claiming so, a report named Decadal Outlook for Textile Industry: Threads of Transformation for Textile Industry by CII and Primus Partners says that India’s textile industry is targeting a substantial US $ 250 billion milestone by 2030 but it is also facing variety of challenges in supply chain. The industry is largely comprising MSMEs, is highly fragmented, resulting in suboptimal coordination and resource utilisation.
Praveer Sinha, Chairman, CII Western Region and CEO & MD, Tata Power Company Ltd said, “India, the fifth largest economy globally has a share of just about 5 per cent of the international trade in textiles and apparel. Clearly, the Indian textile industry has a vast potential waiting to be explored, which demands an integrated approach simultaneously focusing on greater value addition, enhanced competitiveness and sustainable industry practices.”
Devroop Dhar, Co-Founder and MD, Primus Partners also believes that various initiatives taken by the Government have not only provided financial assistance but also encouraged investments in modern technology and infrastructure, thereby improving the sector’s overall competitiveness.
Chandrakant Patil, Textile Minister Maharashtra, was present at the unveiling of the report and highlighted the textile policy of the state.
Bharat Tex Special Report 2026 
