Textiles Secretary Upendra Prasad Singh has said India's annual textiles exports can rise to $100 billion in the next five years from the current $40 billion. Singh said the country's apparel industry must focus on vertical integration to increase its scale and size and to benefit from the production-linked incentive (PLI) scheme.
He stated ‘Apparel and garmenting is not very investment-centric but it is important from the employment point of view. Perhaps, there is a need for backward integration and more of you can get into integrated value-chain like spinning and weaving.’ He said that along with the PLI scheme, the government is committed to making the Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) scheme a success. He added Idea is not to just have a world class infrastructure but also a thriving industry there.
Besides, stating that textiles has always been among the top priorities of the government, he said, ‘There are a lot of big opportunities. The demand continues to be robust and the China plus one sourcing strategy by the west is certainly a great opportunity for us.’ he said it depends on how good, efficient and integrated the Indian apparel industry is and how it increases its size and scale.
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