Weaving Ambitions: Primus Sets $100B Export Target for India’s Textile Triumph

Primus Partners has unveiled an ambitious strategic roadmap to triple India's textile exports to $100 billion over the next five years, nearly three times the current annual total of $36.6 billion. The plan is focused on export product diversification, geographical market diversification, adoption of Industry 4.0 technologies, and upgrading the skilled workforce-especially through specialized training in Tier 2 and Tier 3 cities. Key recommendations include policy reforms, reciprocal tariffs, and leveraging new free trade agreements like the recently signed UK FTA to enhance global competitiveness.

 

Primus estimates that upgradation in technology would reduce operational waste by 15%, and increased market access and operational subsidies would also benefit the industry. Founder Anish Maheshari emphasized that these six strategic pillars offer a comprehensive framework to achieve accelerated growth and position India as a destination of choice as a global sourcing hub. The textile sector, which contributes over 10% of India's exports, can see revolutionary growth if these measures are taken swiftly.

 

Source: KNN India, MediaBrief, Indian Textile Journal