India is charting an ambitious trajectory in the textile sector, targeting a substantial leap in exports to $600 billion by 2047, up from $44 billion in FY22, while concurrently envisioning a domestic market expansion to $1.8 trillion from $110 billion in 2022. 

This bold endeavor, articulated through the Textiles Ministry's Vision 2047, rests on five strategic pillars: research and innovation, infrastructure, trade and investment, marketing and brand promotion, skilling and quality, and sustainability.

Initial deliberations hint at an export landscape dominated by apparel and made-ups, poised to surpass $350 billion, with technical textiles contributing around $85 billion. Domestically, the apparel sector is anticipated to burgeon to $1.2 trillion, while technical textiles could amass around $460 billion in market value.

However, the industry confronts significant hurdles, including sourcing raw materials to meet export targets, necessitating robust investment policies and supply augmentation strategies. Notably, the vision underscores the elevation of domestic brands into global champions and a renewed emphasis on quality enhancement and indigenous manufacturing, particularly in machinery and high-value exports.

Crucially, the roadmap envisions milestones for 2030, foreseeing a domestic market worth $250 billion and exports reaching $100 billion. Moreover, India aspires to carve a niche as a sustainable manufacturing leader, targeting a 30 per cent share of global recycled fibers and pioneering innovations in textiles recycling and waste management.

As India gears up to commemorate its 100th year of Independence in 2047, stakeholders anticipate a comprehensive strategy, spanning short-term initiatives and a long-term vision, to propel the textile sector toward unprecedented growth and global prominence.