Union Minister of Textiles, Commerce and Industry Piyush Goyal, at an event in Tiruppur on Sunday (26 June), said that the union government wants to create 75 Textile hubs like Tiruppur.
Goyal said that Tiruppur has made the country proud and is home to textile production worth Rs 30,000 crore yearly.
He said that in 1985, Tiruppur was exporting Rs 15 crore worth of textile products. In the year ended March 2022, the estimated exports from Tiruppur are Rs 30,000 crore, which is about two thousand times with a compounded annual growth rate of 22.87 per cent.
The union minister said that the sector in Tirupur provides direct employment to six lakh people and indirect employment to four lakh people, therefore, collectively employing ten lakh people, with nearly 70 per cent of those employed being women and those from the marginalised sections.
Goyal said that all over India, roughly 3.5 to 4 crore people are engaged in the total value chain of the Textile sector alone.
“Textiles is the second largest provider of work after agriculture. The industry size is about Rs 10 lakh crore. The export is about Rs 3.5 lakh crore. He reiterated that the Textile sector has the potential to grow to Rs 20 lakh crore industry in the next five years with exports of Rs 10 lakh crore. Even then, a modest export target of 7.5-8 lakh crore and production target of about 20 lakh crore which is doable in next 5 years has been set,” he said.
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