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Primus Partners unveils roadmap to increase India’s textiles exports to $100 billion in 5 years


People work at a garment factory in Tiruppur, Tamil Nadu, April 23, 2025

People work at a garment factory in Tiruppur, Tamil Nadu, April 23, 2025
| Photo Credit:
FRANCIS MASCARENHAS

Diversifying export offerings coupled with enhancing infrastructure including skilled manpower can help India propel its textile shipments to over $100 billion over the next five years, according to management consulting firm Primus Partners. India’s textiles exports during FY25 stood at around $36.6 billion.

Key recommendations of Primus’ comprehensive roadmap for the Indian textiles sector include diversifying export offerings, increasing skilled manpower, enhancing infrastructure, and building industry capacity among others.

Launched at a time of shifting global trade dynamics and new tariff alignments, the roadmap positions India to become a preferred sourcing destination and a global leader in textile manufacturing, Primus said in a release.

Integration of Industry 4.0 in the textile sector will lead to approximately a 15 per cent reduction in operational waste, it said. Encouraging free trade agreements and market will boost India’s textile competitiveness. Strengthening existing operational subsidies will enhance textile industry advantage, Primus said.

Further, establishing specialised training centres in key textile hubs, focusing on Tier 2 & Tier 3 cities will raise the skilled workforce share to 50 per cent, it added. Focus on driving growth & exports through technical textiles will reinforce share in global technical textile market, it said.

Kanishk Maheshwari, Co-Founder & Managing Director of Primus Partners, said, “These six strategic recommendations serve not just as directional guidance but as a comprehensive blueprint to accelerate the growth of India’s textile industry. By diversifying export products, expanding into new markets, attracting investments, strengthening logistics and infrastructure, and building long-term capacity, we believe India is well-positioned to significantly enhance its global standing in textiles.”

“On the policy front, the implementation of reciprocal tariffs represents more than just relief—it is a defining opportunity for India to emerge as a preferred sourcing hub for the US market. Furthermore, the recent Free Trade Agreement with the UK presents a pivotal moment to strengthen the industry’s global competitiveness. With a focused approach and timely execution, these recommendations have the potential to propel India’s textile exports to $100 billion over the next five years, firmly establishing the nation as a global leader in textile manufacturing,” Maheshwari said.

The textile sector stands at the cusp of significant expansion, presenting a strategic opportunity for national economic growth. The recommendations urge policymakers to support initiatives that drive operational efficiency, streamline supply chains, and promote higher value addition—critical factors for sustaining competitiveness in a changing tariff landscape, Primus said.

The textile sector is one of India’s oldest and most vital industries, contributing approximately 2.3 per cent to India’s GDP, 13 per cent to industrial production, and 10.5 per cent to total exports. Globally, India ranks as the second-largest producer of textiles and garments and the fifth-largest exporter, encompassing a wide range of products including apparel, home furnishings, and technical textiles.

More Like This

Rajmohan S _12122@Chennai
Anuj Virmani, Managing Director – India, Johnson & Johnson MedTech

Published on May 9, 2025



Source link


People work at a garment factory in Tiruppur, Tamil Nadu, April 23, 2025

People work at a garment factory in Tiruppur, Tamil Nadu, April 23, 2025
| Photo Credit:
FRANCIS MASCARENHAS

Diversifying export offerings coupled with enhancing infrastructure including skilled manpower can help India propel its textile shipments to over $100 billion over the next five years, according to management consulting firm Primus Partners. India’s textiles exports during FY25 stood at around $36.6 billion.

Key recommendations of Primus’ comprehensive roadmap for the Indian textiles sector include diversifying export offerings, increasing skilled manpower, enhancing infrastructure, and building industry capacity among others.

Launched at a time of shifting global trade dynamics and new tariff alignments, the roadmap positions India to become a preferred sourcing destination and a global leader in textile manufacturing, Primus said in a release.

Integration of Industry 4.0 in the textile sector will lead to approximately a 15 per cent reduction in operational waste, it said. Encouraging free trade agreements and market will boost India’s textile competitiveness. Strengthening existing operational subsidies will enhance textile industry advantage, Primus said.

Further, establishing specialised training centres in key textile hubs, focusing on Tier 2 & Tier 3 cities will raise the skilled workforce share to 50 per cent, it added. Focus on driving growth & exports through technical textiles will reinforce share in global technical textile market, it said.

Kanishk Maheshwari, Co-Founder & Managing Director of Primus Partners, said, “These six strategic recommendations serve not just as directional guidance but as a comprehensive blueprint to accelerate the growth of India’s textile industry. By diversifying export products, expanding into new markets, attracting investments, strengthening logistics and infrastructure, and building long-term capacity, we believe India is well-positioned to significantly enhance its global standing in textiles.”

“On the policy front, the implementation of reciprocal tariffs represents more than just relief—it is a defining opportunity for India to emerge as a preferred sourcing hub for the US market. Furthermore, the recent Free Trade Agreement with the UK presents a pivotal moment to strengthen the industry’s global competitiveness. With a focused approach and timely execution, these recommendations have the potential to propel India’s textile exports to $100 billion over the next five years, firmly establishing the nation as a global leader in textile manufacturing,” Maheshwari said.

The textile sector stands at the cusp of significant expansion, presenting a strategic opportunity for national economic growth. The recommendations urge policymakers to support initiatives that drive operational efficiency, streamline supply chains, and promote higher value addition—critical factors for sustaining competitiveness in a changing tariff landscape, Primus said.

The textile sector is one of India’s oldest and most vital industries, contributing approximately 2.3 per cent to India’s GDP, 13 per cent to industrial production, and 10.5 per cent to total exports. Globally, India ranks as the second-largest producer of textiles and garments and the fifth-largest exporter, encompassing a wide range of products including apparel, home furnishings, and technical textiles.

More Like This

Rajmohan S _12122@Chennai
Anuj Virmani, Managing Director – India, Johnson & Johnson MedTech

Published on May 9, 2025



Source link

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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making

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