'India's textiles exports can touch $100 bn from current $40 bn in 5 years'

India's annual textiles exports can rise to USD 100 billion in the next five years from the current USD 40 billion, a top official said on Tuesday. Speaking at the 44th Foundation Day of the Apparel Export Promotion Council (AEPC), Textiles Secretary Upendra Prasad Singh said the country's apparel industry must focus on vertical integration to increase its scale and size and to benefit from the production-linked incentive (PLI) scheme.

"Apparel and garmenting is not very investment-centric but it is important from the employment point of view. Perhaps, there is a need for backward integration and more of you can get into integrated value-chain like spinning and weaving," Singh said.

Virtually addressing the event, the textiles secretary said that along with the PLI scheme, the government is committed to making the Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) scheme a success. The idea is not to just have a world-class infrastructure but also a thriving industry there, he added.