Centre targets ₹33 lakh crore textile market by FY31, doubling current size
Textiles minister Giriraj Singh set a FY31 target to double India's textile market to ₹33 lakh crore from ₹16 lakh crore, backed by 2 crore additional jobs, 18 FTAs across 56 countries, $25 billion technical textiles push and ₹3,335 crore handloom allocation — supporting apparel retail supply.
What happened
Ministry of Textiles · Textiles minister Giriraj Singh set a target to double India's textile market to ₹33 lakh crore by FY31, with 2 crore additional jobs,
Key facts
- ₹33 lakh crore by FY31
- ₹16 lakh crore current
- 5.3 crore jobs 2024-25
- 2 crore additional jobs
- 18 FTAs across 56 countries
- $25 billion technical textiles
- ₹3,335 crore handloom/handicrafts allocation
Why this matters
₹33L cr FY31 ambition with policy tailwinds across handloom, FTAs and technical textiles opens a 5-year M&A window for vertical roll-ups and technical textile bolt-ons before valuations re-rate.