While addressing Bharat Tex 2025 at Bharat Mandapam in New Delhi, Prime Minister of India stated that Rs. 9 lakh crore by 2030 target can be achieved earlier with vision of “Five Fs i.e. farm, fiber, fabric, fashion, and foreign”.
- Bharat Tex 2025 is textile industry's premier event, featuring comprehensive mega expo that showcases entire textile value chain from raw materials and accessories to finished products under one roof.
Status of Textile Sector
- Economic Survey 2024-25:
- Textiles and apparel industry contributes 2.3% to country’s GDP, and 13% to industrial production and 12% to exports.
- One of the largest employment generators after agriculture, with over 45 million people employed directly.
- India ranks sixth-largest exporter of textiles and apparel in world and world’s second-largest producer of textiles and garments. (CII data)
Challenges w.r.t Textile Sector
- Expensive Raw material (fibre): Fibre constitutes 60-70% of manufacturing cost, which has become expensive in India.
- Pollution: More than 10% of the world’s carbon emissions and second-largest industrial polluter are attributed to clothing manufacturing.
- Structural concerns: Highly fragmented industry with large number of MSME players; Lack of product diversification; Inefficient productivity compared to its competitors like China, Bangladesh, Vietnam, etc.
Government Initiatives to Boost Textile Sector
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