India’s Textile Industry Set to Reach $350B by 2030: Check the Top Stocks by Market Cap

India’s textile industry, one of the country’s most significant sectors, is projected to grow to $350 billion by 2030 and add 3.5 crore jobs, according to textiles minister Giriraj Singh.

Speaking at the Curtain Raiser event of ‘Bharat Tex 2025’, Singh emphasised the role of India’s demographic dividend in driving this growth, positioning the country ahead of China in the textile sector.

The Bharat Tex 2025 event is set to be held from February 14-17, 2025, at Bharat Mandapam and India Expo Centre and Mart, Greater Noida. Singh called upon Indian companies to encourage their foreign buyers to participate in this major event, which aims to promote India as a global sourcing destination and attract both foreign direct investment (FDI) and domestic investment.

According to Singh, the event has grown significantly, with the number of exhibitors increasing from 3,500 in previous editions to over 5,000 this year. Bharat Tex 2025 will cover the entire value chain of textiles, while parallel exhibitions focused on handicrafts, garment machinery, and ethnic apparel will be held from February 12-15, 2025, at the India Expo Centre and Mart, Greater Noida.

Spanning over 2,00,000 square meters, Bharat Tex 2025 will host over 5,000 exhibitors and 6,000 international buyers from over 110 countries. An estimated 1,20,000 visitors are expected to attend, and around 100 international speakers will participate. This comprehensive event aims to enhance India’s global positioning in textiles, promote sustainable and green textile products, and strengthen the ‘Bharat’ brand in international markets.

Rachna Shah, the textiles secretary, remarked that Bharat Tex’s main objective is to make India a premier global sourcing destination while attracting FDI. The exhibition will showcase a wide array of textile products, including apparel, home furnishings, floor coverings, fibres, yarns, threads, fabrics, carpets, silk, textile-based handicrafts, and technical textiles. It will also feature a retail High Street, focusing on India’s fashion retail market opportunities.

As of September 6, 2024, the top three textile companies by market capitalisation include Vedant Fashions Ltd (₹31,335.13 crore), KPR Mill Ltd (₹28,970.45 crore), and Swan Energy Ltd (₹20,266.55 crore). These are amongst the companies that are contributing to the textile sector’s growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.