• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Indian Textiles Sector Almost Doubles To Rs 16 Lakh Crore, Exports Rise Over 25 Pc: Minister

OMMCOM NEWS by OMMCOM NEWS
January 24, 2026
in Business

New Delhi: The textiles sector in India has seen tremendous growth in the last decade — from Rs 8.4 lakh crore in 2014 to around Rs 16 lakh crore today, becoming one of the biggest platforms for generating employment, according to the government.

Textiles Minister Giriraj Singh said the domestic market also increased from Rs 6 lakh crore to Rs 13 lakh crore in 2025, while the country’s exports also witnessed over 25 per cent rise post-pandemic.

Addressing the 74th Edition of India International Garment Fair (IIGF) here, the minister said the IIGF is a trusted platform, and “I can say that the India International Garment Fair has now become a major global platform for international garment buyers.”

He further said the Narendra Modi government has removed all barriers in textiles, be it QCO, increasing RoDTEP and RoSCTL schemes, reducing import duty by six months and rectifying the inverted duty structure, etc.

“We have supported the industry with Rs 50,000 crore via RoDTEP and RoSCTL schemes,” the minister said.

Singh further stated that the challenges have allowed us to remain resilient and stable despite headwinds.

“Our export diversification drive to 40 new countries is showing positive results,” he mentioned.

The minister further informed that in Argentina, we grew by 77 per cent, Egypt by 30 per cent, Poland and Japan by 20 per cent and Sweden and France by 10 per cent, which is a very encouraging sign.

The positive news is that the India-EU free trade agreement will be signed in the next few days, he added.

“We have a young workforce, raw material and foreign exchange surplus, therefore, we must see that we achieve all targets,” the minister noted.

India is moving away from reliance on foreign benchmarks and is developing its own standards through indigenous initiatives such as VisionNxt and IndiaSize.

Dr A Sakthivel, Chairman of AEPC said that the presence of exhibitors from all parts of the country highlights the depth and breadth of our manufacturing ecosystem, while the enthusiastic participation of international buyers reaffirms confidence in Indian capabilities.

“I am happy to share that cumulative RMG exports during April–December 2025–26 stood at $11,584.3 million, registering a growth of 2.4 per cent over the corresponding period of the previous year,” he added.

(IANS)

Tags: Indian Textiles SectorTextiles Minister Giriraj Sing
ShareTweetSendSharePinShareSend
Previous Post

Koraput Admin Bans Sale Of Non-Vegetarian Items On Republic Day

Next Post

US Immigration Policy At Breaking Point, Says Congressman

Related Posts

Business

Adani Electricity Retains A+ National Ranking Among Power Distribution Utilities As Sector Turns Profitable

January 24, 2026
Business

Credit, Deposit Growth Indicators In Green As Policy Actions Begin To Show Impact

January 24, 2026
Business

Market Volatility Over Greenland Issue To Continue Due To ‘Few Sticking Points’: Report

January 24, 2026
Business

New Skill Accelerator In India To Boost Global Network: World Economic Forum

January 24, 2026
Budget
Business

Budget 2026: India’s Gross Tax Revenue To Improve 9.6 Pc, Capex To Grow 10 Pc

January 23, 2026
gold
Business

Silver’s Exceptional 200 Pc Rally Boosts Near Term Case For Gold: Report

January 23, 2026
Next Post

US Immigration Policy At Breaking Point, Says Congressman

Six Killed In Suicide Bombing During Wedding Celebrations In Pakistan’s KP

Snowfall In J&K Brings Roadblocks, Power Cuts; BRO Works To Make Srinagar Airport Operational

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special

© 2025 - Ommcom News. All Rights Reserved.