Centre targets ₹33 lakh crore textile market by FY31, doubling current size

Textiles minister Giriraj Singh set a FY31 target to double India's textile market to ₹33 lakh crore from ₹16 lakh crore, backed by 2 crore additional jobs, 18 FTAs across 56 countries, $25 billion technical textiles push and ₹3,335 crore handloom allocation — supporting apparel retail supply.

— Filed Fri, 12 Jun, 2026, 00:18 IST · Source ET Small Business · Updated

Textiles minister Giriraj Singh set a target to double India's textile market to ₹33 lakh crore by FY31, with 2 crore additional jobs, expanded FTA coverage, and continued handloom and technical textiles investment supporting apparel retail supply.