India’s textiles and garments exports to US, EU, and UK are expected to increase by 33 percent this fiscal year, saysUpendra Prasad Singh, Secretary, Union Ministry of Textiles.

Singh asserts, multiple factors will boost India’s exports, with many prominent brands seeking for alternatives to China and India being one of the key options, and that government policies, particularly RoSCTL and RoDTEP, would assist exporters this year.

Textile and clothing exports from India will reach $100 billion, from $33 billion now, says PiyushGoyal, Textile Minister. He urged stakeholders to collectively look at achieving $44 billion exports in 2021-2022 for textiles and apparel, including handicrafts.

Goyaladds, the Production Linked Incentive Scheme for Textiles and the Mega Investments in Textile Parks Scheme are nearing completion. Some states have expressed interest in the park idea, and business should concentrate on economies of scale.

T. Rajkumar, Chairman, Confederation of Indian Textile Business, states, the textiles industry had performed well across the value chain in the previous year.