India is emerging as a global textile hub with huge potential. It needs to develop man-made fibre to remain competitive in the global market, aiming to be $350 billion industry by 2025.
The industry needs to change its approach to move into the second growth phase and aim for exports of around $100 billion from the current $40 billion.
India needs to create trade barriers for China to prevent it from dumping cheap textile products into India. The textile industry aims to be a $350 billion from the current $137 billion. To have that India needs to have smart factories and emphasis on sustainability.