Garment-Led Investments Poised to Drive Indian Textile Industry’s Growth: FICCI – Wazir Advisor Report
Pune (Voice news service):- Mr Sanjay Savkare, Minister of Textiles, Government of Maharashtra today released the annual FICCI–Wazir Advisors Textile industry report ‘Catalysing Textile & Apparel Growth: Leveraging Global Opportunities’ during TAG 2025 Annual Textile Conference organised by FICCI.
Mr Savkare said that Maharashtra Government through its policy measures is focusing on attracting domestic and foreign investment and providing support on skilling, R&D and infrastructure development to build globally competitive textile & apparel industry in Maharashtra. He informed that state is working towards establishing Six Technical Textile Parks, one in each of the revenue divisions, to make Maharashtra a hub for Technical Textiles.
He further added that state has set up a task force to seek suggestions from the stakeholders to enhance the export competitiveness of Maharashtra and support to Textile Industry will be extended as per the suggestions of the Task Force.
Ms Anshu Sinha, Principal Secretary (Textile), Government of Maharashtra stressed about the need for collaboration and collective efforts of Industry, Academia and Government to further strengthen Maharashtra’s position as leading manufacturing hub for the Textile Industry and sought support of the industry in the areas of Skilling, R&D and Sustainable practices.
Mr Prashant Agarwal, Joint MD, Wazir Advisors shared a brief overview of FICCI – Wazir Advisors Report, which takes stock of the global and Indian textile & apparel (T&A) landscape in a year marked by geopolitical uncertainty, shifting trade flows, rapid advances in sustainability and innovation, and the challenges arising from the US reciprocal tariff scenario. The report also talks about what strategies can India adopt to fully realize its potential and position itself as a leading global hub.
The report states that Global textile & apparel trade reached ~US$ 893 billion in 2024, reflecting 5% growth over the previous year, with China retaining one-third share. The global apparel market, now at US$ 1.8 trillion, is projected to touch US$ 2.3 trillion by 2030. India, with a US$ 184 billion domestic T&A market and US$ 37 billion in exports (FY25), continues to hold strong fundamentals but faces challenges from newly imposed US tariffs of 50%, compared to lower rates for competitors like Bangladesh and Vietnam.
The report identifies garmenting investments as the central lever for India’s next phase of growth, supported by FDI inflows, global alliances, and government schemes like PLI and PM MITRA Parks. It highlights how forward integration into apparel manufacturing can enhance value addition, create large-scale employment, and improve India’s competitiveness as an end-to-end sourcing hub.
The study emphasizes innovation and sustainability as twin imperatives—ranging from smart textiles, eco-friendly materials, and digitalized supply chains to scalable adoption of green manufacturing practices. It further underlines India’s factor cost advantages over peers, while cautioning that weak R&D and lack of FTAs with key markets remain bottlenecks.
The way forward, according to the whitepaper, rests on market diversification beyond the US, policy stability, infrastructure development, R&D and skilling, and embedding sustainability across the value chain. By combining investment-led growth with innovation and global partnerships, India can not only withstand tariff headwinds but also position itself as a leading global sourcing destination by 2030.
