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India's Textile Boom: MMF and Technical Exports Surge Amid Global Shift

India's textile sector is showing remarkable growth with man-made fibre exports increasing by 6.5 percent. Technical textiles have seen an even more impressive surge of over 15 percent this year. The government has set ambitious targets of achieving $100 billion in textile exports by 2030. This growth is supported by initiatives like the Production Linked Incentive scheme and National Technical Textiles Mission.

Key Points: India MMF Technical Textiles Exports Grow 6.5% 15%

  • MMF exports grew 6.5% while technical textiles surged over 15% in 2024-25
  • Government aims for $100 billion textile exports and $350 billion market by 2030
  • PLI scheme attracted Rs 2,374 crore investments from 17 new companies
  • Nearly 80 exporters honored at MATEXIL awards ceremony in Mumbai
2 min read

India's exports surge in man-made fibre, technical textiles sectors

India's man-made fibre exports grow 6.5% while technical textiles surge over 15%, positioning nation for $100 billion textile export target by 2030.

"Global demand for textiles is at an all-time high, with the world increasingly turning toward high-performance, functional and sustainable materials. - Pabitra Margherita"

Mumbai, Nov 20

India’s man-made fibre MMF exports grew by 6.5 per cent in 2024–25, while technical textiles exports increased by over 15 per cent, reflecting the nation’s rising competitiveness in this sunrise sector, according to Pabitra Margherita, Union Minister of State for Textiles and External Affairs.

Together, we move towards the goal of $100 billion in textile exports and a $350 billion textile market by 2030, aligned with our vision of a Viksit Bharat by 2047, he said.

With global demand continuing to grow, India is poised to capture a larger share of the expanding international market.

The minister emphasised that India’s high-quality products are strengthening the country’s reputation as a trusted global partner.

“Global demand for textiles is at an all-time high, with the world increasingly turning toward high-performance, functional and sustainable materials. India is responding to this shift with strength and confidence,” said Margherita while addressing the Manmade and Technical Textiles Export Promotion Council (MATEXIL)’s Export Award Function for 2023–24 and 2024–25 in Mumbai.

The minister conferred awards for export excellence in technical textiles. Nearly 80 outstanding performers from the sector were honoured across various categories.

Margherita said the celebration was not only about recognising winners but also about acknowledging every worker, engineer, designer, entrepreneur and exporter who drives the textile sector forward. “Your work gives strength to millions of families and pride to our nation,” he said.

The minister noted that MMF and technical textiles are at the forefront of the global shift toward sustainable and advanced materials.

MMF today accounts for nearly 70–75 per cent of the global fibre market, signalling a significant transformation in consumer demand and industrial applications. “India is responding to this shift with strength and confidence,” he added.

Margherita also stressed the practical approach of Prime Minister Narendra Modi and Union Textiles Minister Giriraj Singh in easing industry constraints and strengthening value-chain opportunities.

The Ministry of Textiles has implemented transformational initiatives such as the Production Linked Incentive (PLI) Scheme and the National Technical Textiles Mission, which are enhancing capabilities at every stage of the value chain. There is a strong momentum under the PLI scheme for textiles, with 17 newly approved companies committing Rs 2,374 crore in investments.

—IANS

na/

- IANS

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Reader Comments

R
Rohit P
Great to see our exports growing, but I hope the benefits reach the actual workers and small manufacturers. Sometimes these big numbers don't translate to better wages for the people doing the hard work.
S
Sarah B
As someone working in the textile export business, I can confirm the positive changes. The PLI scheme has really helped medium-sized companies like ours to upgrade technology and compete globally. 🙏
A
Arjun K
Technical textiles are the future! From medical textiles to geotextiles, this sector has huge potential. Glad to see India catching up with global trends. Make in India is becoming a reality in textiles too!
M
Michael C
The focus on sustainable materials is crucial. As global demand shifts toward eco-friendly options, India's textile industry needs to lead in green manufacturing practices. Good to see this mentioned in the article.
K
Kavya N
₹2,374 crore investment commitment is impressive! This shows investor confidence in our textile sector. Hope this momentum continues and we achieve the $100 billion export target. Jai Hind! 🚀

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