Will create 6 cr jobs in textile sector by 2030, says Centre
The Union Government has prepared a road map for creating 4.5-6 crore jobs in the textile sector by 2030, Union Minister Giriraj Singh said on Friday, adding efforts were being made to take the sector’s market size to USD 350 billion from around USD 165 billion at present.
Addressing a press conference on the 100-day programme of the Ministry of Textiles, Singh said, “The 100-day road map we have prepared includes (attracting) investment to the tune of lakhs of crores (in the textile sector) going forward. We have prepared a road map for creation of 4.5 crore to 6 crore jobs by 2030.” He shared the seven PM-MITRA integrated mega textile parks approved earlier would have investment to the tune of Rs 70,000 crore when fully functional, thereby creating 21 lakh jobs.
Notably, India’s textiles exports declined for the second year in a row in 2023-24.
The government has set an ambitious target to achieve USD 100 billion export for textile products by 2030.
Exports of textiles and apparel from India during FY24 fell by 3.24 per cent at USD 34.4 billion, as compared to USD 35.5 billion a year ago.
Singh said efforts were underway to promote Make in India for the textiles sector, adding neither Bangladesh nor Vietnam posed a challenge to the domestic industry.
