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India's Textile Boost: How Export Mission Aims for $100 Billion Goal

India's textile industry has warmly welcomed the Cabinet's approval of the Export Promotion Mission. This initiative aims to make the sector more globally competitive and better positioned to leverage trade agreements. The move is particularly significant given recent export declines following US tariff impositions. With a target to reach $100 billion in exports by 2030, this mission could provide crucial support to MSMEs that form the backbone of India's textile ecosystem.

Key Points: CITI Welcomes Cabinet Export Promotion Mission for Textiles

  • Export Mission to help textile sector become globally competitive
  • MSMEs to benefit from improved access to affordable finance
  • Initiative comes amid optimism about India-US trade deal
  • Targets diversification into newer markets and job creation
2 min read

CITI welcomes Cabinet nod for Export Promotion Mission, says move will boost textile & apparel sector

Confederation of Indian Textile Industry hails Cabinet's Export Promotion Mission approval, expects boost to $100B export target and MSME support amid US tariff challenges.

"We convey our heartfelt gratitude to the Hon'ble Prime Minister and the Union Cabinet for this much-needed measure - CITI Chairman Ashwin Chandran"

New Delhi, November 13

The Confederation of Indian Textile Industry (CITI) has welcomed the Union Cabinet's approval of the Export Promotion Mission, saying the decision will give a major push to India's textile and apparel sector.

In a press statement, CITI Chairman Ashwin Chandran said, "We convey our heartfelt gratitude to the Hon'ble Prime Minister and the Union Cabinet for this much-needed measure that will ensure that our textile and apparel sector can become globally competitive, better placed to leverage the opportunities opening through the FTAs, diversify into newer markets, and be able to create more and better-quality jobs for our young people."

Referring to the ongoing optimism around the India-US trade deal, he added that "Coming in the backdrop of the optimism generated about the India-US trade deal being signed soon, the Export Promotion Mission announcement will further add to the feel-good factor for India's textile and apparel exporters."

CITI said the newly approved Export Promotion Mission is expected to help address structural challenges, especially those faced by MSMEs in accessing affordable finance. The industry body noted that MSMEs constitute the bulk of India's textile and apparel ecosystem.

India has set a target to more than double textile and apparel exports to USD 100 billion by 2030, compared to nearly USD 38 billion recorded in 2024-25.

The statement also highlighted the adverse impact of the 50 per cent US tariff on Indian goods, effective August 27, which significantly hit export performance in September. The US accounts for around 28 per cent of India's textile and apparel export revenue, with shipments worth nearly USD 11 billion in 2024-25.

As per CITI's analysis, "In September 2025, Indian textile exports slid 10.45 per cent over the previous year, while apparel exports declined 10.14 per cent... Cumulative exports... declined 10.34 per crnt over September 2024."

- ANI

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Reader Comments

R
Rohit P
Finally some good news for our MSMEs! Access to affordable finance has been a major challenge for small textile units. Hope this mission delivers on the ground level.
A
Arjun K
The 50% US tariff is really concerning. We need to diversify our markets and not depend so much on one country. Good that the government is thinking about newer markets.
S
Sarah B
While I appreciate the initiative, I hope there's proper implementation and monitoring. Too many schemes fail due to bureaucratic hurdles and corruption. Let's ensure this reaches the actual small businesses.
V
Vikram M
From $38 billion to $100 billion by 2030 is an ambitious target! But with proper policy support and infrastructure development, we can definitely achieve this. Our textile heritage is world-class.
K
Kavya N
This will help our handloom and handicraft sectors too! Our traditional textiles have huge potential in international markets. Need more focus on promoting our cultural heritage through exports. 🙏

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