India is a major producer of cotton and jute in the world. India is also the world's second-largest producer of silk, accounting for 95% of all hand-woven fabric.
"India's textile industry is witnessing positive development with a separate ministry for the sector," he said to students during a session on AatmaNirbhar Bharat.
The PM Vishwakarma Kaushal Samman Yojana 2023 will provide employment and welfare to rural youth across the country. Our country will be the world's greatest economic strength over the next 20 years," he predicted.
"Prime Minister Narendra Modi hopes to increase India's textile export worldwide. Tiruppur's contribution is significant in this regard. Foreign business investments are encouraged, and the textile industry is advancing.
The Tirupur knitwear industry accounts for roughly half of the country's exports. "India will lead the world in textile production, with Tiruppur serving as the backbone," the Minister stated.
India's domestic apparel and textile industry contributes approximately 2% of the country's GDP and 7% of industry output in value terms. In 2020-21, textile, apparel, and handicrafts accounted for 11.4% of India's total exports. India accounts for 4% of global textile and apparel trade.
