India allocates $188M for textile tech to boost exports, targeting a $350B industry by 2030.

Union Textiles Minister Giriraj Singh emphasized that technical textiles will be the backbone of India's economy, with Rs 1,500 crore allocated for research and development. Focused on 12 sectors, India aims to boost exports and improve income for weavers. With the world's largest handloom community, India's textiles industry is projected to grow to $350 billion by 2030, creating 4.5 to 6 crore jobs.

November 16, 2024
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