Archive · 7 Jun 2025
Textile Industry Stakeholders Urge Government for Action on Exports
Imagine a group of people who make clothes and other textile products.
They want to sell more of these items to other countries, aiming for a big increase in their sales by the year 2030.
Right now, their sales aren't growing much.
These people met to talk about why things aren't going as planned.
They said that it's too expensive to make their products because of things like raw materials, labor, and power.
Even though the government has tried to help with some programs, the industry still faces many problems.
To boost sales, the industry needs solutions to reduce costs and compete better in the international market.
The industry is asking the government to step in and help with these issues so they can reach their goal.
Textile and apparel exports have been stagnant at around $40 billion for nearly a decade.
Stakeholders met to discuss challenges faced by exporters.
Exports need a 17% growth rate to achieve $100 billion by 2030.
Key issues include raw material prices, high labor costs, and capital costs.
Existing government schemes haven't fully addressed the cost challenges, according to stakeholders.
- Who
- Textile and apparel industry stakeholders.
- What
- Stakeholders discussed challenges in the textile and apparel industry and urged the government to address them.
- When
- June 6, 2025
- Where
- Coimbatore
- Why
- Stakeholders want the government to address challenges for export growth and achieve the $100 billion target by 2030.
- Current export value
- $40 billion
- Export Target by 2030
- $100 billion
- Required CAGR for growth
- 17%
- Meeting Date
- June 6, 2025
- Meeting Location
- Coimbatore