India’s textile industry is a vital sector for MSMEs, and the government aims to achieve USD 100 billion in textile and garment exports over the next five years. To support this goal, the government has established schemes such as TUFS to modernise equipment and technologies, and the Khadi and Village Industries Commission to promote micro and small-scale textile industries in rural areas. With ample opportunities, the textile sector in India is poised for significant growth.
The leather industry in India has a rich history and a skilled workforce with innovative technology. The government’s policy of encouraging the export of value-added leather products has led to a remarkable 32.35% growth in exports of leather, leather products, and footwear 2021-22.
