Primus Partners Unveils Roadmap to Achieve $100 Billion in Textile Exports
Mumbai: Primus Partners, a leading Indian management consulting firm, has unveiled a comprehensive roadmap to propel India’s textile exports to $100 billion over the next five years. The roadmap outlines a six-point strategy to diversify export offerings, expand global markets, and strengthen India’s position as a leading textile manufacturing hub.
The roadmap provides key recommendations to achieve the $100 billion target. These include integrating Industry 4.0 in the textile sector to reduce operational waste by approximately 15%, encouraging free trade agreements to boost competitiveness, and strengthening operational subsidies to enhance industry advantage. Additionally, the roadmap suggests establishing specialized training centers in key textile hubs to increase the skilled workforce share to 50% and transforming textile MSMEs into global giants.
The implementation of these recommendations is expected to have a significant impact on India’s textile industry. By diversifying export products, expanding into new markets, attracting investments, strengthening logistics and infrastructure, and building long-term capacity, India can significantly enhance its global standing in textiles. According to Kanishk Maheshwari, Co-Founder & Managing Director of Primus Partners, “These six strategic recommendations serve not just as directional guidance but as a comprehensive blueprint to accelerate the growth of India’s textile industry.”
Kanishk Maheshwari added that with a focused approach and timely execution, these recommendations have the potential to propel India’s textile exports to $100 billion over the next five years, firmly establishing the nation as a global leader in textile manufacturing. The recent Free Trade Agreement with the UK presents a pivotal moment to strengthen the industry’s global competitiveness, and the implementation of reciprocal tariffs represents a defining opportunity for India to emerge as a preferred sourcing hub for the US market.
