The Indian textiles industry is estimated to grow to $350 billion by 2030, generating 4.5-6 crore jobs, the government said on Friday. Setting a target of 50,000 metric tonne silk production and employment generation of 1 crore by 2030, Union Textiles Minister Giriraj Singh said cultivation of silk is linked to employment generation of farmers.
The minister further said that the Eri Sericulture Promotional Project launched in Gujarat will be expanded across the country benefitting castor farmers. He informed that under PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park, a total of Rs 70,000 crore investment is expected, resulting in the creation of 21 lakh jobs.