New Delhi, Oct. 29 -- India is preparing a comprehensive roadmap to make its textile sector more competitive globally and regain its lost edge from rivals like Bangladesh, Vietnam, and China.

The Ministry of Textiles aims toincrease exports from $40 billion to $100 billion by 2030through targeted reforms and innovation.

The government's plan will unfold in three stages -short-term (up to 2 years),medium-term (around 5 years), andlong-termbeyond that.

The strategy focuses on reducing costs across multiple fronts, including raw materials, labour, taxation, energy, logistics, and regulatory compliance.

It will also address manufacturing inefficiencies that make Indian textiles costlier than those of regional competitors.

Although India ...