Union Textiles Minister Giriraj Singh Chairs MSME Exporters Meet, Charts Path to $100B Exports
Union Minister of Textiles Giriraj Singh on Tuesday chaired a consultation with MSME textile exporters, underlining India’s roadmap to scale exports to $100 billion by 2030 despite global headwinds, including the recent 50% US tariff on Indian imports.
Singh highlighted India’s resilient performance: textile exports grew 5.37% in July 2025 to $3.1B, with April–July exports up 3.87% year-on-year. Key segments like readymade garments (+7.87%), carpets (+3.57%), and jute products (+15.78%) led the growth. Strong gains were also seen in partner markets such as Japan (+17.9%), UK (+7.39%), and UAE (+9.62%).
The Minister stressed the need for strategic diversification into 40 new global markets, which collectively represent nearly $600 billion in textile imports, while deepening domestic demand in line with the PM’s “Vocal for Local” call.
GST reforms announced in the 56th GST Council meeting were hailed as a “game-changer,” promising to lower costs, boost demand, and enhance competitiveness across the textile value chain. Singh reiterated the government’s “Farm to Fibre to Factory to Fashion to Foreign” (5F) formula as India’s growth mantra.
Exporters welcomed reforms but sought fiscal support, simpler compliance, and stronger global branding of handlooms, handicrafts, and GI-tagged Swadeshi products. Singh urged exporters to build warehouses in key global markets and leverage e-commerce to directly reach international consumers.
The government has already rolled out measures to boost competitiveness, including cotton import duty exemption till Dec 2025, extended export obligations, and an expanded PLI scheme window.
Reaffirming Vision 2030, Singh said India aims for a $250B domestic textile market alongside $100B in exports, powered by market diversification, innovation, and Swadeshi-driven growth.
“India will compete in America and in the $800B global textile market. With MSMEs at the core, we will emerge stronger,” Singh asserted.
read more:- Tariff crisis: Textile orders worth Rs 40 billion cancelled in Tirupur
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