The Indian textile industry stands tall as a beacon of progress, having grown from 8.4 lakh crore rupees in 2014 to nearly 16 lakh crore today, as revealed by Union Textiles Minister Giriraj Singh during his address at the 74th IIGF in the capital.
Domestic consumption has skyrocketed, with the market expanding from 6 lakh crore to 13 lakh crore by 2025. Remarkably, exports have climbed over 25% since the pandemic, driving economic momentum and employment.
IIGF’s global appeal is evident, drawing buyers from across the world and positioning India as a reliable sourcing hub. The minister detailed government reforms: QCO enforcement, increased RODTEP/RoSCTL funding totaling 50,000 crore rupees, import duty relief, and duty structure rationalization have unlocked potential.
Resilience shines through expanded markets—77% export growth to Argentina, 30% to Egypt, 20% to Poland and Japan, 10% to Sweden and France. The India-EU FTA, imminent, will open new avenues.
Leveraging its youthful labor, raw materials, and reserves, India is charting its course with self-developed standards like VisionNext and IndiaSize. AEPC’s Dr. A. Sakthivel highlighted the fair’s representation of nationwide production strength and international faith. RMG exports April-December 2025-26: 11,584.3 million dollars, +2.4% YoY, forecasting a bright future.