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.
FM Sitharaman flagged climate, geopolitical and tech challenges for India's textile sector but pitched a $100bn export target by 2030, urging exporters to meet sustainability norms demanded by H&M, Zara and M&S amid shifting global sourcing.