In a meeting with 150 representatives of textile manufacturers and exporters in Panipat, Giriraj Singh, Union Textiles Minister urged the industry leaders to expand the textile market size to $350 billion and exports to $150 billion by 2030.
During the meeting, he addressed key issues impacting the Small and Medium Enterprises (SMEs) and manufacturing industries in the textile sector, particularly in Panipat, a key hub for textiles and handlooms in India.
Singh also emphasised on the need for development of new products by the industry with different blends, such as jute with bamboo, and recycled cotton with synthetic fibers, on floor-covering and carpet products.
The meeting was organised by the Handloom Export Promotion Council under the leadership of the Office of Development Commissioner for Handlooms, Ministry of Textiles, Government of India in coordination with the Panipat Exporters’ Association. It discussed policy matters concerning infrastructure development, export promotion strategies, Free Trade Agreements (FTAs), and policy support for SMEs in improving their growth and international competitiveness.
The meeting also highlighted d the importance of collaboration between the government and industry stakeholders to address these challenges and work towards the long-term growth of India's textiles and export sectors.
Singh also visited the factories of some of the leading handloom, home textiles and recycled manufacturing units in the region such as Mahajan Overseas, Excellent Fabtex, Shree Jee International, ASM Home furnishing and H R Overseas and emphasised on the need to utilise Green Energy for meeting 100 per cent of the energy requirements of these factories.
The Minister also recommended collaboration between the Panipat carpet and floor-covering industries, and the jute industry of Kolkata to promote the use of jute as a raw material in the textile industry.
