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The Economic Times
The Economic Times

Targeting to increase India's textile market size to Rs 33 lakh crore by FY2031: Giriraj Singh

New Delhi, The government is targeting to increase India's textile market size, including domestic as well as exports, to Rs 33 lakh crore by 2030-31 from around Rs 16 lakh crore at present, Union Textiles Minister Giriraj Singh said on Thursday.

Addressing a press conference here to outline the textile ministry's initiatives and achievements during the current Narendra Modi-led government's tenure, Singh said efforts are underway to increase the annual income of handloom weavers to Rs 5 lakh annually by providing them training, raw material, design technology, and market access. Narendra Modi became India's longest continuously serving elected Prime Minister on Wednesday.

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