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India textile industry development and expansion
Overview
The Indian government is implementing strategic initiatives to expand and modernize its textile sector. Prime Minister Narendra Modi has emphasized the integration of sustainability, green technologies, and circular economy models to enhance global competitiveness, supporting a broader goal of reaching a $350 billion textile and apparel industry by 2030.
Within this sector, specific focus is being placed on silk production. Union Minister of Textiles Giriraj Singh announced a target for India to become the world’s leading silk producer by 2028-29. To support this, the government plans to utilize modern technologies such as AI, GIS, and Machine Learning, while increasing mulberry leaf yields and cocoon-rearing cycles to boost farmer incomes and meet rising international demand.
Entities
Giriraj Singh · Central Silk Board · Ministry of Textiles · Narendra Modi · India
Timeline
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[BUSINESS] 2 sourcesIndia targets global silk leadership by 2028-29
India aims to become the world's leading silk producer by 2028-29, targeting 60,000 metric tonnes by 2030-31 through technological innovation and increased farmer incomes.
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[BUSINESS] 3 sourcesIndia's textile industry to leverage sustainability for global competitiveness
Prime Minister Narendra Modi highlighted that sustainability and green technologies are driving the competitiveness of India's textile industry as it aims for a $350 billion sector value by 2030.
Sources
bhaskarhindi.com · punjabkesari.com · samacharnama.com · smestreet.in · socialnews.xyz