Government Forms Task Force To Boost Textile Exports To USD 100 Billion By 2030

(MENAFN- KNN India) New Delhi, Jun 12 (KNN) The Commerce Ministry announced the formation of a task force aimed at boosting India's textile exports, targeting a goal of USD 100 billion by 2030-31.

The initiative seeks to unify efforts and address key challenges across the textile value chain.

The first meeting of the task force was held on June 10, chaired by Commerce Secretary Sunil Barthwal.

He emphasised the importance of creating a unified platform involving all stakeholders to resolve sectoral issues and increase India's share in global textile markets.

Special Secretary Rajesh Agrawal highlighted the need for innovation and alignment with international trends to capture a larger market share.

The task force discussed comprehensive strategies to strengthen every aspect of the sector, including skilling, labour, logistics, cost competitiveness, and renewable energy use.

Textiles remain a key focus area for the Commerce Department. While trade agreements with multiple countries are being negotiated to reduce tariff barriers, the government encouraged the industry to better utilize existing and upcoming trade deals.

The meeting also addressed the need to improve Environmental, Social and Governance (ESG) infrastructure in garment manufacturing, navigate the European Union Deforestation Regulation (EUDR), and simplify the regulatory framework to support e-commerce-led exports.

The task force decided to form several sub-task forces focusing on specific areas. These will be led by relevant ministries and will include participation from export promotion councils and industry bodies to provide actionable recommendations.

Industry representatives welcomed the move, sharing their inputs on challenges and potential solutions.

With a collaborative approach and focus on modernization, India aims to position itself as a global textile powerhouse in the coming years.

(KNN Bureau)

MENAFN12062025000155011030ID1109667294