Giriraj Singh targets ₹33 lakh crore textile market by FY31, doubling current size
Textiles minister sets FY31 goal to double India's textile market from ₹16 lakh crore to ₹33 lakh crore, projecting 2 crore additional jobs on top of 5.3 crore in 2024-25. Plan leans on 18 FTAs across 56 countries, scaling technical textiles to $25 billion, and a ₹3,335 crore allocation.
What happened
Ministry of Textiles · Textiles minister Giriraj Singh set a target to double India's textile market to ₹33 lakh crore by FY31, projecting 2 crore new jobs,
Key facts
- ₹33 lakh crore by FY31
- ₹16 lakh crore current
- 5.3 crore jobs in 2024-25
- 2 crore additional jobs
- 18 FTAs across 56 countries
- $25 billion technical textiles
- ₹3,335 crore allocation
Why this matters
Scout bolt-on targets in technical textiles and FTA-aligned export hubs to front-run the $25B segment build-out and consolidate fragmented mid-market suppliers.