India

India’s Cotton Textile Exports Crossed $35.6 Billion in Last 3 Years says Union Minister

Posted on by Minakshi

India’s Cotton Textile Exports Surge Past $35 Billion Mark

New Delhi: India’s cotton textile sector has demonstrated robust growth, with exports exceeding $35.6 billion over the past three years. This figure encompasses a wide range of products, including cotton yarn, fabrics, made-ups, and raw cotton, highlighting the diverse capabilities of the Indian textile industry.

Government Initiatives to Boost Cotton Productivity

Union Minister of Textiles, Giriraj Singh, addressed Parliament on Tuesday, emphasizing the government’s commitment to further strengthening the cotton sector. As part of this commitment, the Finance Minister announced a comprehensive five-year ‘Mission for Cotton Productivity’ in the Budget for 2025-26.

Vision 2030: A Roadmap for Textile Excellence

The ‘Mission for Cotton Productivity’ aligns with the broader Vision 2030, which aims to enhance cotton productivity and quality, promote innovation, and fortify the entire textile value chain. The Department of Agricultural Research and Education (DARE) will serve as the nodal department for implementing this crucial mission.

Key Focus Areas of the Cotton Mission

  • Boosting overall cotton production.
  • Improving the quality of Indian cotton.
  • Encouraging innovative practices in cotton farming.
  • Strengthening the textile supply chain from farm to finished product.
Summary:

  • India’s cotton textile exports surpassed $35.6 billion in the last three years.
  • A five-year ‘Mission for Cotton Productivity’ has been announced to enhance the sector.
  • The mission aligns with Vision 2030, aiming for improved quality and innovation.
Key Takeaways:

  • The significant export value underscores the importance of the cotton textile industry to the Indian economy.
  • The ‘Mission for Cotton Productivity’ signals a proactive approach by the government to address challenges and capitalize on opportunities within the sector.
  • DARE’s role as the nodal department indicates a strong focus on agricultural research and its application to cotton cultivation.
  • Vision 2030 provides a long-term strategic framework for the development of the Indian textile industry.