“With a separate ministry for the sector, India’s textile industry is seeing positive development,” he told students during a session on AatmaNirbhar Bharat.
The PM Vishwakarma Kaushal Samman Yojana 2023 will provide rural youth across the country with employment and welfare. “Over the next 20 years, our country will be the world’s greatest economic strength,” he predicted. Prime Minister Narendra Modi hopes to boost India’s textile exports globally. Tiruppur makes a significant contribution in this regard. Foreign investment is encouraged, and the textile industry is growing.
The knitwear industry in Tirupur accounts for roughly half of the country’s exports. “India will lead the world in textile production, with Tiruppur as the backbone,” said the Minister. The domestic apparel and textile industry in India accounts for about 2% of the total. GDP and 7% of industrial output in value terms. Textile, apparel, and handicrafts accounted for 11.4% of India’s total exports in 2020-21. India is responsible for 4% of global textile and apparel trade.
