What steps should be taken by the Indian government to boost textile exports to ₹9 lakh-cr by 2030
Analyze the strategies needed to achieve the textile export target set by PM Modi.
To boost textile exports to ₹9 lakh-cr by 2030, the Indian government should consider the following strategies:
- Invest in modernizing textile machinery and technology to improve productivity and quality.
- Provide financial incentives and subsidies to encourage textile manufacturers to expand and export more.
- Enhance skill development programs to create a skilled workforce in the textile industry.
- Promote sustainable practices in textile manufacturing to meet the growing global demand for eco-friendly products.
- Strengthen trade relationships with key export markets through trade agreements and collaborations.
- Improve infrastructure and logistics to ensure efficient transportation of goods.
- Implement marketing campaigns to promote Indian textiles globally and showcase the rich heritage and craftsmanship.
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6 months ago