India has set an ambitious target of achieving ₹ 9 lakh crore in textile exports by 2030, which is a three-fold jump from the current ₹ 3 lakh crore. This goal is part of Prime Minister Narendra Modi's vision to make India a major player in the global textile industry.
To achieve this target, the government is focusing on several key areas, including:
- Increasing Investment: The government is encouraging investment in the textile sector, with a focus on modernizing infrastructure and increasing productivity.
- Promoting Sustainability: There is a growing emphasis on sustainable textiles, with a focus on reducing waste and environmental impact.
- Enhancing Skills: The government is working to enhance the skills of workers in the textile sector, with a focus on improving quality and productivity.
- Increasing Exports: The government is working to increase exports of Indian textiles, with a focus on tapping into new markets and increasing the country's share of global textile trade.
The textile sector is a significant contributor to India's economy, providing employment to millions of people and accounting for a substantial share of the country's exports. With the right policies and investments in place, India is well-positioned to achieve its ambitious textile export target by 2030.
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