New Delhi, Feb. 16 -- Prime Minister Narendra Modi on Sunday fixed a target of Rs 9 lakh crore for the country's annual textiles and apparel exports by 2030 which represents a three-fold jump from Rs 3 lakh crore at present as he highlighted the huge job creation that was taking place in the sector which employs "crores of workers."
Addressing the Bharat Tex 2025 expo here, the Prime Minister exhorted the textiles industry to accelerate the annual rate of growth of exports in the sector from the current 7 per cent to 17 per cent to achieve the target. He said the banking sector would be asked to give loans to the labour-intensive textiles sector on a priority basis as his interaction with exhibitors at Bharat Tex revealed that there was a ...