NEWS: The Ministry of Textiles concluded the two-day Textiles Summit 2026, focusing on sustainability, exports, global market expansion, and achieving India's USD 100 billion textile export target by 2030.

ABOUT THE SUMMIT

• Organised by the Ministry of Textiles.
• Brought together State Governments, industry, academia, and Export Promotion Councils.
• Aimed to prepare a National Textile Export Roadmap focusing on product-market alignment, value addition, quality, innovation, and sustainability.

KEY HIGHLIGHTS

• Sustainability & Traceability: Promoted environmental standards, quality certifications, digital product passports, traceability, circular economy, and textile waste management.
• Export Competitiveness: Emphasised leveraging Free Trade Agreements (FTAs), diversifying export markets, promoting man-made fibres, and strengthening Brand India.
• Districts as Export Hubs: Encouraged States/UTs to improve district-level export readiness and local manufacturing competitiveness.

KEY FACTS ABOUT INDIA'S TEXTILE INDUSTRY

• Industry Size: Around USD 179 billion.
• Contribution to GDP: About 2%.
• Global Rank: 6th largest exporter of textiles and apparel with nearly 4% share in global exports.
• Employment: Second-largest employment generator after agriculture.
• FDI: 100% Foreign Direct Investment (FDI) permitted under the automatic route.