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The Textile Ministry is targeting to double textile production and trade to $300 billion by 2025, Textile Commissioner Kavita Gupta said here on Friday.
With the domestic production of textiles at $110 billion and exports and trade at $40 billion, the country's production of textiles at present is worth $150 billion. “We are targeting to grow this to $300 billion by 2025,” she said.
To reach the target, the productivity and yield levels of both cotton fibre and synthetic will have to be stepped up.
Cotton fibre production stands at 6.5 billion kg and synthetic at 2.5 billion kg, taking the total fibre availability to 9 billion kg. This has to double to keep pace with the 2025 textile production target, she said, adding that the “journey of cotton and synthetic blends would go hand in hand in the years to come”.
Gupta was in the city to inaugurate the regional office of The Synthetic & Rayon Textiles Export Promotion Council at the Southern India Mills Association premises here.
Responding to a query on cotton scenario, she said, “we are extremely comfortable. Domestic price of the fibre is lower than international prices. Indian cotton has the highest intrinsic value,” she said and appealed to the trade to ensure that the fibre is contamination-free and not adulterated. “Only clean fibre can be sold at a premium,” she added.
On export of textiles, she said the increase was not much and requested the industry to look at value-addition and technical textiles.
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