Sitharaman pitches $100bn textile export target by 2030, flags sustainability bar from H&M, Zara, M&S
FM frames climate, geopolitical and tech disruption as opportunity for Indian textiles, currently at $33.5bn exports and 2.3% of GDP. Push to $250bn production and $100bn exports by 2030 hinges on meeting sustainability norms set by global buyers H&M, Zara and Marks & Spencer.
What happened
Indian textiles sector · FM Sitharaman flagged climate, geopolitical and tech challenges for India's textile sector but pitched a $100bn export target by 2030,
Key facts
- $33.5 billion 2025-26 exports
- 2.3% of GDP
- $100 billion exports target by 2030
- $250 billion production target by 2030
- 15 million metric tonnes fibre
Why this matters
Expect a wave of bolt-on M&A and JV activity around sustainable fiber, recycling tech, and certified processing assets as Indian textile majors race to qualify for global brand vendor lists ahead of the 2030 target.