The Indian textile industry sees tremendous growth potential and its market size is expected to touch $250 bn in the next two years from $150 bn now. The domestic market is currently estimated at $110 bn and exports at $40 bn, said Textile Commissioner Kavita Gupta speaking after inaugurating the 6th edition of ‘HGH India 2017’, the annual trade show for home textiles and home décor held in Mumbai. Gupta said that in the last two years, a lot of buoyancy has been created in the textile sector. Various schemes have been launched, not only to upgrade technology but also to extend financial aid, to the sector. The capital investment subsidy announced by the Centre has been introduced in segments like weaving, garment, technical textile and made up, which has helped the sector.

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