Giriraj Singh: Government is serious about the challenges of textile sector
2025-09-02 17:46:52
Government Serious About Textile Sector Challenges – Interview with Giriraj Singh
Union Textile Minister Giriraj Singh, in an exclusive conversation with CNBC Awaaz, discussed in detail the condition and prospects of the Indian textile industry. He said that the government still has to meet companies with turnover below ₹100 crore in order to understand their issues and challenges.
The minister acknowledged that additional tariffs have given a slight setback to the textile sector, but he expressed confidence that India has always been a country that turns crises into opportunities.
Giriraj Singh explained that globally, the textile market is worth $800 billion, of which 40 countries account for nearly $590 billion. He added that India’s total textile market is $180 billion, out of which only $40 billion is exported, with 34% of it going to the U.S.
He further said that despite challenges, the supply of textile products from India to the U.S. continues.
The minister expressed hope that the Free Trade Agreement (FTA) could be implemented soon, which would provide more relief to exporters. He assured that the government is committed to resolving the industry’s difficulties and that corrective steps are being taken at all levels.
