Indian textile industry must capture at least $200 billion export opportunities from FTAs: Textiles Minister
The minister also urged the industry to focus on promoting manufacturing of machines for the sector as India is weak in that
Textiles Minister Giriraj Singh has asked Indian textile industry to capture at least $200 billion export opportunities from expected $465 billion market access opening through Free Trade Agreements (FTAs) being finalized by India with regions like the EU, UK, and Australia.
The minister also urged the industry to focus on promoting manufacturing of machines for the sector as India is weak in that. He added that India is strong in natural fibres and the country can become a global hub for their supply in the coming years.
He also said that the upcoming four-day Bharat Tex 2026, scheduled to commence on July 14 at Bharat Mandapam, will act as a single largest global platform for domestic players as it brings together the entire textile value chain, ranging from fibre and yarn to fabrics, garments, technical textiles, and sustainable innovations.
