India Textile Industry Growth Through Strategic Roadmap by Giriraj Singh
Strategic Roadmap for Textile Growth
In a bold move, India's Textile Minister Giriraj Singh has revealed a comprehensive roadmap aimed at significantly boosting india textile industry growth. The plans include establishing Mitra parks across the country which will serve as crucial hubs for innovation and investment.
Key Initiatives Under the Roadmap
- Mitra Parks: Designed to support the textile sector through infrastructure and resources.
- PLI Scheme: The Production-Linked Incentive scheme aims to attract massive investments.
- Sector Goals: Ambitious targets have been set for textile exports by 2047.
- Job Creation: The roadmap predicts significant textile employment in India as the industry expands.
Future Outlook on Investments
With a target to reach USD 350 billion by 2030, the textile industry investments are projected to surge, leading to robust growth throughout the sector. This roadmap emphasizes providing support to various clothing segments and enhancing operational efficiencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.