India Aims for USD 100 Billion Textile Export Target by 2030

india-world-bank-logistic-performance-index-2023
india-world-bank-logistic-performance-index-2023

Highlights:

  • Launch of E-commerce site for Handloom and Handicrafts
  • Importance of ESG compliance and sustainability in the Textile sector
  • Textile Export targets and efforts being made to achieve them
  • The cultural heritage of India and its connection to the Textile sector
  • Unity and diversity showcased at the ‘Saurashtra Tamil Sangamam’ event
  • Boosting the rural economy through the Textile sector.

1. ESG Task Force for Textiles Sector Union Minister of Textiles, Consumer Affairs, Food and Public Distribution, and Commerce and Industry, Shri Piyush Goyal announced the creation of an ESG (environmental, social and governance) Task Force for the Textiles sector. This task force is aimed at promoting India’s commitment to sustainability. The announcement was made during the soft launch of the e-commerce website of the Ministry of Textiles, which is dedicated to handloom and handicrafts.

2. Chintan Shivir and Saurashtra Tamil Sangamam The Ministry of Textiles organized the ‘Saurashtra Tamil Sangamam’ and Chintan Shivir in Gujarat. The event was attended by the Chief Minister of Gujarat, Shri Bhupendrabhai Patel, and officers from the Ministry of Textiles. The Chintan Shivir was a two-day event held in Somnath and Rajkot, where deliberations on various aspects of the sector were done.

3. Vibrant Textile Sector and Export Targets During the event, Shri Goyal spoke about the need to make the textile sector more vibrant. He also mentioned the efforts being made to ensure that more manufacturers and exporters receive Environmental, social and governance (ESG) compliance certification. The Minister also talked about the export target of USD 100 Billion for the textile sector by 2030 and the overall target of USD 250 Billion for the sector by 2030.

4. Unity in Diversity Shri Goyal emphasized the cultural heritage of India and how it reflects unity. He talked about the efforts made to unify India and how the ‘Saurashtra Tamil Sangamam’ event was organized to promote unity. The Minister also spoke about the five commitments of Hon’ble PM Narendra Modi, which includes going back to our roots to progress with confidence. He highlighted the connection between Tamil Nadu and Gujarat, which are connected by strong traditional and modern textile sectors.

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