Textile Ministry's Global Market Summit

Departmental Summit on Textiles: Key Highlights

Objective:

• Goal: Achieve $100 billion in textile exports by 2030.
• Vision: Aligns with PM Narendra Modi's vision of transforming India's textile industry into a global powerhouse.
• Approach: Develop a coordinated action plan to enhance global competitiveness in textiles and apparel.

Event Details:

• Date & Venue: Two-day summit held in New Delhi.
• Participants: Senior representatives from all states and Union Territories, district administrations, export promotion councils, industry associations, exporters, financial institutions, and academicians.
• Consultation Process: Involved 36 state meetings, around 200 district-level meetings, and over 5,000 stakeholders contributing to the development of State Export Action Plans (SEAP) and District Export Action Plans (DEAP).

Government Schemes and Policies:

• Cabinet Secretariat Initiative: The summit is part of a broader initiative to strengthen center-state cooperation and promote cooperative federalism for national development goals.
• Key Areas of Focus:
  • District-based export growth.
  • Product diversification and value addition.
  • Development of technical textiles and branded products.
  • Emphasis on sustainability and skill development.

Discussions and Sessions:

1. Export Strategies:

   • Focus on district and cluster-based export strategies.
   • Review of major textile clusters: Ludhiana, Tiruppur, Surat, and Bhadohi.
   • Address challenges and strategic measures to boost exports aligning with the 2030 target.

2. Product and Design Innovation:

   • Highlighted the importance of branding, product innovation, and consumer adaptation.
   • Discussion on GI products as heritage symbols, technical textiles, and successful entrepreneurship in rural cooperatives.

3. Key Factors for Export Promotion:

   • Discussed logistics, infrastructure, PM MITRA parks, state-led policies, technology adoption, and labor compliance.
   • Aim to enhance competitiveness by addressing cost barriers and strengthening logistics.

Recommendations:

• Develop a comprehensive National Textile Export Roadmap 2030.
• Enhance district and cluster ecosystems, promote sustainable and value-added production.
• Increase utilization of trade agreements to position India as a preferred global sourcing destination.

Economic Data & Targets:

• Current textile and apparel export target: Increase from approximately $37 billion to $100 billion by 2030.
• Strategic focus on transitioning from cotton-based production to man-made fiber (MMF) consumption to meet changing global demand patterns.

Conclusion:

The summit aims to consolidate recommendations into a strategic roadmap to significantly boost India's textile exports, enhance competitiveness, and establish India as a leading global supplier in the textile sector by 2030.