'Targeting three-fold increase in textile exports to Rs 9 lakh crore by 2030'

Prime Minister PM Narendra Modi stated on Sunday that Indiarsquos textile exports have now reached Rs 3 lakh crore and has set a target of Rs 9 lakh crore for the sectors exports by 2030 reported news agency ANISpeaking at Bharat Tex 2025 PM Modi noted that the event is emerging as a major global textile gatheringToday we are the sixth largest textile exporter in the world Our textile exports have reached three lakh crores of rupees Now our target is to take it to nine lakh crores of rupees by 2030 But I want to say that after seeing the enthusiasm of people today I feel you all will prove my target wrong and the work will be completed before that said PM Modi at the event which was held at Bharat Mandapam in the national capital ANI reportedBharat Tex is now emerging as a mega global textile event This time the entire spectrum of the value chain is participating here together with 12 segments involved Bharat Tex is becoming a strong platform for engagement collaboration and partnerships for policymakers CEOs chief executive officers and industry leaders across the world he addedIndia is currently the sixth largest exporter of textiles and apparel globally ANI reportedThe event sees participation from individuals across the entire spectrum of the textile sector ndash from chemicals to yarns to garmentsIt is a matter of satisfaction for the country that the seed we have planted is today growing rapidly on the path of becoming a banyan tree Bharat Tex is now becoming a mega global textile event I commend the efforts of all stakeholders involved in this programme and heartily congratulate everyone associated with it PM Modi statedPM Modi also highlighted that FDI in Indiarsquos textile sector has doubled over the past decade attributing this success to diligent efforts and consistent policyToday more than 120 countries are participating in Bharat Tex 2025 The entrepreneurs who are coming here are getting exposed to the culture and cultural needs of 120 countries They are getting opportunities to take their businesses from local to global Bharat Tex gives us a glimpse of our tradition as well as of Viksit Bharat the seed that we sow is growing very fast he addedLast year PM Modi discussed five key factors in the textile industrymdashfarm fibre fabric fashion and foreignThis concept of farm fibre fabric fashion and foreign is now transforming into a mission for India This mission is creating new opportunities for farmers weavers designers and traders In the past year Bharats textile and apparel exports have experienced a growth rate of 7 per cent he remarkedIn Budget 2025 the government announced a Mission for Cotton Productivity aimed at benefiting lakhs of cottongrowing farmersThis fiveyear mission will focus on enhancing cotton farmings productivity and sustainability while promoting extralongstaple cotton varietiesPM Modi also mentioned the growing opportunities in the technical textiles sector with India tapping into its potentialThe governmentrsquos goal is to target exports worth USD 10 billion in technical textiles under its National Technical Textiles Mission Launched in 202021 the mission which has been extended until 202526 with a financial outlay of Rs 1480 crore aims to position India as a global leader in technical textilesTechnical textiles refer to textile materials and products designed primarily for their technical performance across highend industries Currently Indiarsquos technical textile exports are estimated to be between USD 2 billion to USD 3 billionThe Prime Minister also visited the exhibition at Bharat Tex 2025 where he interacted with the participantsWith ANI inputs