India has established itself as the second-largest manufacturer of personal protective equipment (PPE) globally, with projections indicating that the market could surpass US$ 92.5 billion by 2025, up from US$ 52.7 billion in 2019. As the world's second-largest producer of textiles and garments, India also ranks as the fifth-largest exporter in this sector, which includes apparel, home textiles, and technical products. The textiles and apparel industry contributes 2.3% to India's GDP, 13% to its industrial production, and 10.5% to its exports. It is anticipated that the industry's GDP contribution could double to approximately 5% by the end of this decade. Currently, India holds a 4.6% share of the global textile and apparel trade and is the third-largest exporter worldwide, ranking among the top five exporters in various textile categories. For the first quarter of FY25 (April-June), exports of ready-made garments and accessories reached US$ 2,244 million. The textile sector is set to play a crucial role, with a goal of achieving US$ 100 billion in exports by FY30, an increase from US$ 34.43 billion in FY24. Employing around 45 million people, including 3.5 million in handloom operations, the textile industry in India has been demonstrating a steady recovery post-pandemic, as evidenced by a Manufacturing of Textiles Index of 106 for June 2024. The global apparel market is projected to grow at a CAGR of approximately 8%, reaching US$ 2.37 trillion by 2030, while the global textile and apparel trade is expected to grow at a 4% CAGR, hitting US$ 1.2 trillion by 2030. In contrast, the Indian textiles and apparel market is projected to expand at a 10% CAGR, potentially reaching US$ 350 billion by 2030, with exports aiming for US$ 100 billion. The technical textiles industry shows promising growth prospects, with market size projections of US$ 309 billion by 2047. Additionally, the Indian technical textile market is positioned for substantial growth at a rate of 10%, with penetration levels between 9-10%, making it the fifth-largest such market globally. The sportech segment of India's textile industry is estimated at US$ 1.17 million for 2022-23, while the market for Indian medical textiles, specifically drapes and gowns, reached approximately US$ 9.71 million in 2022, with an expected growth of 15% to US$ 22.45 million by 2027. Furthermore, the Indian composites market is projected to achieve a value of US$ 1.9 billion by 2026, with a CAGR of 16.3% from 2021 to 2026, and consumption of composite materials anticipated to reach 768,200 tonnes by 2027. India benefits from comparative advantages in skilled labor and production costs compared to other major textile producers. During FY24, the total textile exports, including handicrafts, amounted to US$ 35.9 billion, with readymade garments and accessories accounting for US$ 14.23 billion. Notably, textiles exports to the US, India's largest market, constituted 32.7% of total export value in FY24. Projections suggest that India’s Ready-Made Garment (RMG) exports will exceed US$ 30 billion by 2027, growing at a CAGR of 12-13%. Between April and June 2023-24, exports of 247 technical textile items totaled Rs. 5,946 crore (US$ 715.48 million). Moreover, India is the largest producer of cotton globally, with the Agriculture Ministry estimating cotton output for 2023-24 at 32.3 million bales

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