“Government officials are considering value-added exports as raw material exports might plateau.”

Aug 26, 2022

By: TEXchange Team

The Indian government is focusing on value-added exports like fabrics, finished goods, and home textiles because rising domestic demand may prevent raw material exports from increasing further. The success mantra for the future expansion of the textile industry is to concentrate on key growth areas including "sustainable textiles," "technological textiles," and "natural fibres," as well as high-end technologies. Upendra Prasad Singh, the secretary for textiles, shared that the government has launched programmes like PLI, MITRA Parks, and GATI Shakti to entice investment in the industry, modernise infrastructure, and address logistical bottlenecks. With an export turnover of US $ 44.4 billion, up 40% from the year before, textile and apparel exports reached their greatest level ever in 2021–2022.



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