Ø FM Smt. Nirmala Sitharaman launches TEXPROCIL’s
advanced certificate programme in international trade
Ø Viksit Bharat vision to be driven by ambitious
textile growth targets of $100 billion exports and textiles production of $250 billion
by 2030: FM Smt. Sitharaman
Ø TEXPROCIL honours top cotton textile exporters,
highlights India’s push towards $100 billion textile exports
·
Nirmala Sitharaman attended the TEXPROCIL Export Awards 2023–24 ceremony
in Mumbai on 25 May 2026.
·
The event was organized by The Cotton Textiles Export Promotion Council to
honour outstanding cotton textile exporters.
·
The Finance Minister launched TEXPROCIL’s Advanced Certificate Program in
International Trade (ACPIT) to strengthen India’s export ecosystem and trade competitiveness.
·
She emphasized building a complete textile value chain “from farm to fibre,
factory, fashion and foreign markets” for a strong cotton yarn ecosystem.
·
The Minister highlighted India’s ancient textile heritage linked to the Indus
Valley Civilization and traditional weaving practices.
·
India aims to achieve:
o USD 100 billion textile exports by 2030
o USD 250 billion textile production by
2030
as part of the Viksit Bharat vision for 2047.
·
India is currently the world’s sixth-largest textile exporter and the second-largest
silk producer.
·
The textile sector:
o Supports nearly 6 crore livelihoods
o Contributes about 2.3% to India’s GDP
o Accounts for nearly 12% of total export
earnings
o Recorded textile exports of about USD
33.5 billion in 2025–26.
·
The Finance Minister highlighted major government reforms since 2014, including:
o GST reforms
o Subsidy support
o PM MITRA Parks for world-class textile
infrastructure
o Samarth Scheme for skilling and empowerment
o Amended Technology Upgradation Fund Scheme
for technology modernization support.
·
Seven PM MITRA textile parks are being developed with investment MoUs worth
over ₹27,000 crore.
·
Textile Commissioner Vrunda Desai appreciated recent Union Budget initiatives
such as:
o Textile Expansion and Employment Scheme
o National Fibre Scheme
o Tex-Eco Initiative
o Samarth 2.0.
·
TEXPROCIL Chairman Vijay Agarwal said TEXPROCIL’s 2,000 exporters contribute
nearly USD 11 billion in exports and support around 35 million jobs.
·
TEXPROCIL highlighted promotion of the Kasturi Cotton brand through certification,
branding, and traceability initiatives.
·
The Council also welcomed government support measures introduced during global
disruptions since 2020, including:
o Aatma Nirbhar Bharat package
o ECLGS support
o MSME assistance
o Liquidity and trade facilitation measures.
[ABS News Service/26.05.2026]
Union Minister for Finance and Corporate
Affairs, Smt. Nirmala Sitharaman, presided over TEXPROCIL Export Awards 2023–24
ceremony in Mumbai on 25 May, 2026. The Cotton Textiles Export Promotion Council
(TEXPROCIL), sponsored by the Government of India, organized the award ceremony
to recognize outstanding performers in India’s cotton textile export sector. Smt.
Sitharaman distributed the TEXPROCIL Awards to exporters for outstanding performance
in exports. Awards were also presented in categories recognizing employment generation,
innovation, ESG initiatives and excellence in e-commerce.
The Union Finance Minister also launched
the Advanced Certificate Program in International Trade (ACPIT), an initiative aimed
at strengthening India’s export ecosystem, on the occasion. This structured certification
programme of TEXPROCIL has been designed in alignment with various Government schemes
and policy initiatives to enhance the country’s global trade competitiveness.
Speaking on the occasion, Union Finance
Minister emphasised the need to strengthen the entire textile value chain, “from
farm to fibre, factory, fashion and foreign markets”, to ensure a robust and uninterrupted
cotton yarn ecosystem. Referring to the Sindhu-Saraswati Civilisation and archaeological
evidence, the Union Minister noted that India’s rich textile and weaving heritage
dates back to ancient times and continues to shape its global identity in the sector.
Fulfilling the vision of Viksit Bharat by 2047 will require ambitious action, including
reaching USD 100 billion in textile exports and USD 250 billion in textile production
by 2030, further noted by the Union Finance Minister.
Union Finance Minister further highlighted
that India has emerged as the sixth-largest textile exporter in the world. The sector
supports nearly six crore livelihoods directly and indirectly, contributes around
2.3 per cent to GDP, and accounts for nearly 12 per cent of India’s total export
earnings. India is also the world’s second-largest producer of silk, with textile
exports reaching approximately USD 33.5 billion in 2025–26. She stressed that India
must accelerate its efforts to establish itself as a global leader in textiles.
Smt. Sitharaman further stated, since
2014, the Government under Prime Minister Narendra Modi has undertaken several structural
reforms to strengthen the textile industry. These include subsidy support, GST reforms,
development of PM MITRA Parks to create world-class infrastructure, and the Samarth
Scheme focused on skilling and empowering marginalized communities. She noted that
under the PM MITRA Scheme, seven world-class textile parks are being developed across
the country, with investment MoUs worth over ₹27,000 crore already signed.
She also highlighted the Amended Technology Upgradation Fund Scheme (ATUFS), launched
in 2016, which provides capital and interest subsidies to promote technology modernization
across the sector.
Smt. Vrunda Desai, Textile Commissioner,
Government of India, who was present on the occasion, thanked the Union Finance
Minister for key textile initiatives announced in the Union Budget, including the
Textile Expansion and Employment Scheme, National Fibre Scheme, Tex-Eco Initiative
and Samarth 2.0, and reaffirmed the Ministry of Textiles’ commitment towards supporting
the sustained growth and modernization of the textile sector.
TEXPROCIL Chairman Vijay Agarwal highlighted
the cotton textile sector’s major contribution to India’s economy, noting that TEXPROCIL’s
2,000 exporters contribute nearly US$ 11 billion in exports while the wider ecosystem
supports around 35 million jobs.
He emphasized TEXPROCIL’s role in promoting
the Indian cotton brand Kasturi Cotton through branding, certification, and traceability
initiatives to strengthen India’s global position in sustainable textiles. He also
highlighted the Government’s timely support during global disruptions since 2020,
including measures such as the Aatma Nirbhar Bharat package, ECLGS, MSME support,
liquidity assistance, and trade facilitation initiatives. Welcoming recent initiatives
like the Export Promotion Mission, TEEM Scheme, and Tex Eco Initiative.