India’s textile exports could cross $65 billion in FY26: Invest India

The textile industry in India could see its exports reach the $65 billion mark in the 2026 financial year and the domestic textile market could total $350 billion by 2030, according to the national investment promotion and facilitation agency Invest India.

“PM Modi’s bold fibre to fashion vision is guiding the textile industry to become a driving force in the global market while bringing competence and technology to local players,” wrote Invest India on X. Seeing India’s textile export industry as on the brink of expansion, Invest India sees India’s ameliorated infrastructure, availability of raw materials, and focus on technical textiles as key drivers of growth, Asian News International reported.
 
Invest India expects the country’s textile industry to expand at a compound annual growth rate of 10% until 2030, ET Retail reported. In 2022, the industry was valued at approximately $165 billion, of which $40 billion came from exports.
 
Invest India also recently supported a meeting between Indian politicians including Minister of Commerce Piyush Goyal and representatives from the Singaporean government to discuss trade and investment opportunities, the organisation announced on Facebook. The event was designed to strengthen ties between both nations and promote both skill development and manufacturing.