Confederation of Indian Industry (CII) and the Government of Maharashtra in collaboration with Strategic Partner Primus Partners Pvt Ltd (Primus) released a report titled Decadal Outlook for Textile Industry: Threads of Transformation for Textile Industry on 1 November 2023. The report highlights the contribution of the textile industry to the GDP will more than double from 2.3% to about 5% by the end of this decade. Additionally, the Gross Value Added (GVA) is anticipated to display a consistent annual growth rate of 9% from 2021 to 2028.
this report, we present a comprehensive sector outlook in three sections. The initial segment provides a backdrop for the sector, encompassing the industrial perspective, notable trends, and governmental endeavours. The subsequent segment delves into the challenges that the Indian textile sector must confront to maintain its global competitiveness and sustainability.