Textile industry to double GDP contribution by 2030: Report

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November 14, 2023 “India, the fifth largest economy globally, has a share of just about 5% of the international trade in textiles and apparel. The Indian textile industry has a vast potential waiting to be explored, which demands an integrated approach simultaneously focusing on greater value addition, enhanced competitiveness and sustainable industry practices,” said Dr Praveen Sinha, chairman, CII western region and CEO and MD, Tata Power Company.

New Delhi: The contribution of the textile industry to the country’s GDP is projected to double to 5 per cent from the current 2.3 per cent by the of this decade, according to a recent report by CII and Primus Partners.

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