Union Minister for Textiles, Giriraj Singh, inaugurated the 71st edition of the India International Garment Fair (IIGF) at the Yashobhoomi Convention Centre on June 25, 2024. In his inaugural address, Singh highlighted the fair as a vital marketing platform for micro, small, and medium exporters, allowing them to display India's latest trends and diverse offerings globally. He emphasized the necessity of developing world-class manufacturing facilities to fulfill the Prime Minister’s vision of with throughout the value chain.
Singh advocated for the adoption of the 'hub and spoke' model to enhance domestic manufacturing, encouraged industry collaboration, and underscored the importance of establishing Indian brands. He also mentioned the ministry's plans to revive the Scheme for Integrated Textile Parks (SITP) to create parks meeting international standards. “Today, India is one of the fastest-growing economies with a GDP growth rate of 7.
2% and is projected to become the third-largest economy by 2027-28,” Singh stated. He attributed this growth to a positive domestic outlook and a growth-oriented political establishment, which have fostered a conducive business ecosystem. The government has implemented several measures to improve infrastructure and , he added.
Singh highlighted the Indian apparel and textiles market, currently valued at $165 billion, with a target to reach $350 billion. He urged the industry to aim for $50 billion by 2030. The Prime Minister’s roadmap.
