India eyes $600 billion textile boom by 2047.

India's textile industry is aiming for a massive boost by 2047. The government plans to increase textile exports to $600 billion from $44 billion and the domestic market size to $1.8 trillion from $110 billion. This ambitious plan is being pushed by fast fashion and e-commerce growth. The Ministry of Textiles is building a roadmap for 2047 with five key areas: research, infrastructure, trade, marketing, and skill development. Initial projections suggest apparel and made-up exports could reach $350 billion by 2047. Experts have expressed concerns about raw material availability for apparel exports. They've also highlighted the need for investment policies and supply chain improvements. The vision also includes promoting domestic brands globally and achieving self-reliance in high-tech textiles. Sustainability is a major focus, with a target of 30 per cent of global recycled fibers coming from India. By 2030, the domestic market is expected to reach $250 billion and exports to hit $100 billion. This plan aims to make India a leader in sustainable textile manufacturing and establish a new recycling sector.