Discussions between MoS and DG, ILO underline rapid expansion in India's social security coverage (See 'Corp Brief') Ministry of Coal holds Successful Roadshow on Coal and Lignite Gasification Projects (See 'Corp Brief') Textile Sector witnesses unprecedented growth and transformation: Giriraj Singh (See 'Corp Brief') 'Oilseeds Kisaan Mitra' - India's First Nationwide WhatsApp AI Advisory for Oilseed Farmers (See 'Corp Brief') IBC - If application for withdrawal of CIRP u/s 12A is supported by duly submitted Form FA, accompanied by required bank guarantee, and placed before CoC within prescribed time, AA may permit withdrawal of CIRP: NCLT (See 'Legal Desk') IPC strengthens Industry Preparedness for IP 2026 (See 'Corp Brief') Vaishnaw inaugurates 20 kW Akashvani FM Transmitter at Ramgarh, Jaisalmer (See 'Corp Brief') Goyal to visit Switzerland to promote India-EFTA trade deal (See 'Corp Brief') MoS calls upon Industry to scale up Investments in India's Space Sector (See 'Corp Brief') IBC - Incorrect disclosure in Form B does not by itself extinguish statutory charge, particularly where RP otherwise had notice of lien and statutory basis claimed by tax authority: NCLAT (See 'Legal Desk') SAPLING Dialogue 2026 Concludes with Call for holistic development of food processing Sector (See 'Corp Brief') Measures activated to shield Domestic Fertilizer Supply from Global Geo-Political Disruptions: Govt (See 'Corp Brief') CCI approves acquisition of certain shareholding in PUMA SE by Ancat Holding (See 'Corp Brief') IBC - Write-off of inventory may be held fraudulent u/s 66(1) if surrounding facts show non-maintenance and withholding of stock records, inconsistency between inventory figures and operational trends: NCLT (See 'Legal Desk') CCI approves acquisition of equity in Shriram Life Insurance by Sanlam Emerging Markets (See 'Corp Brief') Ministry of Coal to organize Roadshow on Coal and Lignite Gasification Projects in Hyderabad (See 'Corp Brief') MoS leads delegation at 114th International Labour Conference in Geneva (See 'Corp Brief') No ban on Import of Indian Mangoes by Nepal (See 'Corp Brief') IBC - Advance paid to corporate debtor for supply of goods or services, where claim has nexus with provision of goods or services, constitutes operational debt within meaning of Sec 5(21): NCLT (See 'Legal Desk') TRAI issues amended 'Rating Manual 2026' for assessment of Digital Connectivity (See 'Corp Brief') Zojila Tunnel to establish All-Weather Connectivity Between J&K and Ladakh (See 'Corp Brief') IPR - Foreign FRAND rate-setting action filed by implementer may be treated as relevant material at pro tem stage in assessing prima facie essentiality / need for licensing: HC (See 'Legal Desk') Ministry of MSME Promoting Inclusive Entrepreneurship through National SC-ST Hub Scheme (See 'Corp Brief') GeM Boosts MSE Inclusion: Registered Units Rise to 11.9 Lakh (See 'Corp Brief') Strong, transparent and modern cooperative institutions will energise rural economy: Bhutani (See 'Corp Brief') Trade Marks - CALPOL & CALPOL FAST medicines granted status of well-known trademark as material demonstrates strong consumer association of mark with Plaintiff & its distinctiveness in pharma sector: HC (See 'Legal Desk') SAIL sharpens strategic priorities for FY27, reinforces market position (See 'Corp Brief') Railways sanctions upgradation of Electric Traction System on Bengaluru-Tumkur Section (See 'Corp Brief') IBC - Once resolution plan was approved by CoC, successful resolution applicant is bound by it and cannot seek to evade implementation by raising objections to LoI stipulations that are inherent in process: SC (See 'Legal Desk') Railways sanctions upgradation of Electric Traction System on Mahbubnagar-Secunderabad Section (See 'Corp Brief') Capital Market - Finding of 'fraud' under SEBI PFUTP Regulations, 2003, cannot be sustained, if Securities Appellate Tribunal had committed 'egregious error' in affirming SEBI's conclusions on manipulation & fraudulent intent: SC (See 'Legal Desk') MoS inaugurates Self-ticketing Kiosks at National Zoological Park (See 'Corp Brief') Ministry of Panchayati Raj to organise outreach workshop on Atmanirbhar Panchayat Program (See 'Corp Brief') Mandaviya leads nationwide World Bicycle Day celebrations with actor Vikrant Massey (See 'Corp Brief') IPR - Nature of enquiry u/s 57, being one for cancellation or rectification of register, is founded upon appreciation of statutory parameters such as distinctiveness, prior use and likelihood of confusion: HC (See 'Legal Desk') MoS inaugurates Daycare Facility for Children of MSDE Employees at Kaushal Bhawan (See 'Corp Brief') National Biodiversity Authority Celebrates World Environment Day 2026 (See 'Corp Brief') AI-enabled Sayuj App & Open Challenge Program 1.0 launched to strengthen Startup Ecosystem: MoS (See 'Corp Brief') Over 6,000 youth from across country to celebrate innovation & leadership (See 'Corp Brief') IBC - Land leased by statutory authority cannot be excluded from Corporate Debtor's assets on ground that development rights were transferred without consent: NCLT (See 'Legal Desk') IBC's Primacy Over the Electricity Act and the Extinguishment of Pre-CIRP Claims (See CORP EINSICHT)

Print

Textile Sector witnesses unprecedented growth and transformation: Giriraj Singh

Published: Jun 12, 2026

By TIOLCorplaws News Service

NEW DELHI, JUN 12, 2026: UNION Minister of Textiles, Giriraj Singh, highlighting the achievements of the Ministry of Textiles over the past 12 years,  said that under the visionary leadership of Prime Minister Narendra Modi, India's textile and apparel sector has undergone a remarkable transformation, emerging as a globally competitive, innovation-driven and employment-intensive industry. Addressing the media the Minister said that, guided by the Prime Minister's 5F vision- Farm to Fibre, Fibre to Factory, Factory to Fashion and Fashion to Foreign -the sector has evolved into a strong and integrated value chain connecting farmers, manufacturers, weavers, artisans and exporters. The Minister stated that India's textile industry has expanded to nearly USD 190 billion in 2025-26 and is poised to achieve the target of USD 350 billion by 2030. The domestic textile market has grown from about Rs 6 lakh crore in 2014-15 to over Rs 16 lakh crore, reflecting the sector's robust expansion and increasing contribution to the national economy. He further noted that the textile and apparel sector currently provides direct employment to more than 5.3 crore people and is expected to generate nearly 2 crore additional jobs over the next three years.

Giriraj Singh  emphasized that the Government has implemented a series of landmark reforms and flagship initiatives to strengthen the entire textile ecosystem. These include PM MITRA Parks, the Production Linked Incentive (PLI) Scheme, the National Technical Textiles Mission (NTTM), the Textiles Export Promotion Mission (TEEM), the National Fibre Mission and the Raw Material Support Scheme (RMSS), which are driving investments, technological advancement, sustainability and export competitiveness. To support cotton farmers and ensure adequate raw material availability for industry, the Government launched the Cotton Productivity Mission and removed import duty on cotton. Export competitiveness has been strengthened through schemes such as RoSCTL and RoDTEP, while India's network of Free Trade Agreements has expanded from 10 FTAs covering 19 countries in 2014 to 18 FTAs covering 56 countries, creating new opportunities for exports and investments. Despite global trade challenges, India has diversified its export destinations and registered export growth in 135 countries. The Minister further noted that India has emerged as a major force in technical textiles, with the market expanding from about USD 6 billion to USD 25 billion under the National Technical Textiles Mission. Large-scale investments in research, innovation, incubation and industry-academia collaboration are helping build a future-ready textile ecosystem. Significant progress has also been achieved in textile infrastructure through the development of integrated textile parks and seven PM MITRA Parks across key states, which are expected to attract investments worth Rs 70,000 crore and generate approximately 21 lakh employment opportunities. The powerloom sector has benefited from technology upgradation initiatives, while NIFT has expanded its academic footprint and introduced innovative projects such as VisioNxt and INDIASize to strengthen India's fashion and design ecosystem.

The Minister said that the achievements of the last 12 years reflect the Government's commitment to transforming India from a low-cost producer into a design-led, innovation-driven, sustainable and export-oriented global textile hub.

Minister of State (Textiles) Pabitra Margherita speaking on the achievements of the textile sector over the last 12 years, said that the  under the leadership of Prime Minister Narendra Modi, India's handloom and handicrafts sectors have witnessed unprecedented growth, empowerment and market integration. He noted that nearly Rs 2,000 crore has been invested through the National Handloom Development Programme, benefiting lakhs of weavers through upgraded looms, skill development, infrastructure support and enhanced market access. The Minister emphasized that initiatives such as the Government e-Marketplace (GeM), India Handmade portal, GI tagging, Mega Handloom Clusters and the Weavers' MUDRA Scheme have strengthened livelihoods and reduced dependence on intermediaries. He further stated that the handicrafts sector has received significant support through cluster development, skill upgradation, artisan identity cards and marketing initiatives, helping artisans improve productivity and incomes.

Secretary, Ministry of Textiles, Neelam Shami Rao said that the textile sector is playing a crucial role in women   empowerment  as a major work force and rising entrepreneurs. Secretary expressed confidence that with continued policy support, infrastructure development, investment promotion, skill enhancement and technological innovation,nation is well positioned to become a leading global textile powerhouse and contribute significantly to the goal of Viksit Bharat.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.