India targets Rs 33 lakh crore textile market by FY31, doubling from Rs 16 lakh crore
Textiles Minister Giriraj Singh has set a target to double India's textile market size to Rs 33 lakh crore by FY31, with 2 crore additional apparel jobs expected over three years. Employment in the sector rose to 5.3 crore in 2024-25 from 2.8 crore in 2014.
What happened
Ministry of Textiles · Textiles Minister Giriraj Singh set target to double India's textile market size to Rs 33 lakh crore by FY31 from Rs 16 lakh crore, with
Key facts
- Rs 33 lakh crore by FY31
- Rs 16 lakh crore current
- 5.3 crore employment 2024-25
- 2.8 crore employment 2014
- Rs 5 lakh weaver income target
- Rs 3,335 crore spent
- 2 crore additional jobs
Why this matters
Accelerate M&A and JV scouting in Indian textile assets before valuations reprice against the FY31 doubling thesis and intensifying strategic competition.