Piyush Goyal aims $250B textile target

25 July 2023, Mumbai

Indian Minister of Textiles, Commerce, and Industry, Piyush Goyal, recently spearheaded a strategic discussion at the Chintan Shivir event, outlining a visionary roadmap to propel India's textile sector to new heights.

Aspirational

The ambitious goal is to achieve $250 billion in textile production and $100 billion in exports by 2030. The event, organized by the Ministry of Textiles on July 18, 2023, brought together officers from all over the country to brainstorm innovative ideas and address the challenges faced by the industry.

An integrated approach is the need of the day

Goyal emphasized the need for an integrated approach, institutional reforms, and out-of-the-box thinking to enhance global competitiveness.

The discussions revolved around five crucial themes: boosting exports, increasing investments, scaling up operations, ensuring sustainability, and transitioning from natural to man-made fibers.

MoT

The event also saw Union Minister of State for Textiles, Darshana Jardosh, stressing the vital role of the textile industry in India's economic growth and calling for collective efforts to nurture growth in all segments of the value chain.

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