India’s textile industry has embarked on an ambitious journey to achieve a remarkable $250 billion valuation, with a substantial $100 billion derived from exports. This audacious feat is being powered by a strategic framework that encompasses the Production-Linked Incentive (PLI) scheme, the Prime Minister’s Mitra Mega Textile Parks (PM Mitra), the National Technical Textiles Mission (NTTM), and recent Free Trade Agreements (FTAs). This intricate interplay of initiatives has become the cornerstone of the industry’s growth trajectory, weaving together innovation, efficiency, and progress to craft an inspiring success story.
Leading this transformative journey is Shri Piyush Goyal, the Union Minister for Textiles, Consumer Affairs, Food and Public Distribution, and Commerce and Industry. His visionary leadership has meticulously charted the course to realize the ambitious goal of achieving $250 billion in textiles production and $100 billion in exports by 2030.
The introduction of the PLI scheme in 2020 marked a pivotal turning point in India’s textile history. As global economic shifts demanded a revitalization of the textile industry, the PLI scheme emerged as a strategic response. This initiative went beyond offering mere financial incentives; it aimed to instigate a paradigm shift, fostering self-reliance and establishing India as a textile manufacturing powerhouse.
A total of 61 applications have been approved, reflecting a proposed total investment of Rs. 19,077 crore and an anticipated turnover of Rs. 184,917 crore over a span of 5 years. This substantial commitment is projected to generate approximately 240,134 direct employment opportunities.
Recently the Ministry of Textiles announced re-opening of the Production-Linked Incentive (PLI) scheme for MMF and Technical Textiles. The Ministry is also in the final stages of discussions on PLI 2.0, refined and expanded version of the scheme.
PM Mitra Mega Textile Park
The textile landscape of India is undergoing a radical transformation, largely attributed to the Prime Minister’s Mitra Mega Textile Parks (PM Mitra) initiative. Designed to enhance efficiency, ignite innovation, and elevate global competitiveness, these textile parks have carved a path toward unprecedented growth and international recognition for India’s textile industry.
The inception of the PM Mitra Mega Textile Parks initiative was driven by a visionary outlook, responding to both the industry’s evolving demands and the nation’s aspirations. These textile parks were envisioned as comprehensive ecosystems, intertwining production, innovation, and research under a single roof. The primary objective was to position India as a frontrunner in global textile manufacturing, all while fostering sustainable growth and regional development.
Under this project 7 Mega Integrated Textile Regions and Apparel Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. Nearly Rs. 70,000 crores investment and 20 lakhs employment generation is envisaged through these parks.
Minister Shri. Goyal highlighted that the PM MITRA Park are being established across 7 states of the country with the objective of promoting India’s textile sector in a significant manner. Shri Goyal said that PM MITRA Parks will lead to reduction of logistic costs due to cluster-based approach of manufacturing and production of quality products with appropriate testing facilities. He also said that the locational advantages of the PM MITRA Parks will help the units in these Parks to cater well to domestic demand as well as the exports.
The PM Mitra initiative has emerged as a catalyst for transforming India’s textile landscape. These textile parks synergize production, innovation, and research, propelling India to the forefront of global textile manufacturing while ensuring sustainable growth.
As the Prime Minister’s Mitra Mega Textile Parks initiative invigorates the Indian textile industry, it establishes the stage for an era characterized by growth and competitiveness. Through the assimilation of advanced infrastructure, research capabilities, and skill development, these textile parks exemplify the potential inherent in collaboration between industry and government. With augmented efficiency and global competitiveness as its hallmarks, this initiative is poised to unfurl a chapter of immense potential in India’s journey towards asserting its prowess as a global textile powerhouse.
NTTM in Technical Textiles
Conceived with the vision of propelling India to the forefront of technical textile manufacturing, the National Technical Textiles Mission embarked on a journey to unlock the potential of textiles engineered for functional attributes. Recognizing the multifaceted applications of technical textiles in sectors such as healthcare, agriculture, infrastructure, and beyond, the government laid the bedrock for a mission that would serve as a crucible for innovation, bolster manufacturing prowess, and contribute to economic vitality.
The NTTM is a strategic initiative by the Government of India to propel the nation to the forefront of technical textile manufacturing. The mission emphasizes research, skill development, technology transfer, market expansion, and infrastructure advancement to catalyze innovation and elevate economic growth.
Ministry of Textiles has approved 20 R&D projects worth INR 61.09 crores across key strategic areas of Geotech, Protech, Indutech, Sustainable Textiles, Sportech, Buildtech segments and Specialty Fibres (Carbon Fibre and Ultra High Molecular Weight Poly Ethylene). Among these 20 R&D projects, 3 Projects from Geotech, 6 of Protech, 1 Indutech, 1 Sportech, 2 Sustainable Textiles, 2 Buildtech, 2 Carbon Fibres, 2 Specialty/Functional Fibre and 1 Ultra High Molecular Weight Poly Ethylene (UHMWPE) were approved.
FTAs Fueling Growth
The Indian Textile Industry stands at the cusp of transformation, with recent and upcoming Free Trade Agreements (FTAs) poised to play a pivotal role in shaping its future. The recent FTAs with Australia and the UAE, alongside the potential agreements on the horizon, hold the promise of unlocking new avenues for growth, diversification, and global expansion.
Shri Piyush Goyal said that India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. He said that these agreements aim to enhance the market size and facilitate exporters in the thriving Indian textile sector. The Minister said that by entering into these agreements, India aims to tap into new markets, increase exports, and create opportunities for growth in the textile industry.
The FTA between India and Australia signifies a strategic leap forward for the textile industry. Australia, a dynamic market known for quality-conscious consumers, offers Indian textiles an opportunity to capture niche segments, especially in value-added products and technical textiles.
The FTA with the UAE is another milestone that holds immense potential. As a major trading partner, the UAE offers a gateway to the Middle East and North Africa region. The agreement can foster closer economic ties and greater access to markets for Indian textiles.
Unveiling the Textile Renaissance
The triumphant convergence of the Production-Linked Incentive (PLI) scheme, the Prime Minister’s Mitra Mega Textile Parks (PM Mitra), and the National Technical Textiles Mission (NTTM) forms a narrative of unparalleled transformation in India’s textile industry. This trinity of initiatives, fueled by innovation, efficiency, and strategic foresight, has propelled the industry into an era of growth, competitiveness, and global prominence. These initiatives signify not only economic growth but also symbolize the power of visionary policies in driving sectors to new horizons.
The PLI scheme’s resounding success not only invigorated the industry but also ignited a spark of innovation, boosting exports and enriching the skill ecosystem. The PM Mitra Mega Textile Parks, as catalysts of efficiency and collaboration, have laid the foundation for a vibrant and resilient textile landscape, harnessing cutting-edge technologies and enhancing global credibility. Meanwhile, the NTTM has become a nucleus of innovation, fostering technical textiles that redefine industries and expand market horizons.
Weaving Tomorrow’s Success
As India’s textile industry sets its sights on the ambitious goal of reaching a $250 billion valuation with $100 billion in exports, the roadmap is paved with unwavering commitment, strategic foresight, and transformative initiatives. The triumvirate of PLI, PM Mitra, and NTTM has sown the seeds of progress, positioning India as a global textile powerhouse.
Looking ahead, the Indian textile industry is poised to scale unprecedented heights, driven by innovation-driven growth, integration of advanced technologies, and a workforce adept in cutting-edge practices. The industry’s synergy with sustainable practices is expected to bolster its global competitiveness, attracting international attention and fostering economic prosperity.
With the transformative journey initiated by PLI, PM Mitra, and NTTM, the Indian textile industry is not just aiming to reach remarkable financial milestones. It is poised to reshape the narrative of “Make in India,” elevating the nation’s reputation as a hub of innovation, quality, and ingenuity. As the industry navigates the future, one thread at a time, the legacy of these initiatives will continue to weave a fabric of success, resilience, and progress for generations to come.