Summary:

On Monday, Prime Minister Narendra Modi emphasized textiles, tourism, and technology as key sectors for India's growth, aiming to create numerous new jobs. At the Madhya Pradesh Global Investor Summit in Bhopal, he highlighted India's position as the world's second-largest cotton producer, supported by a skilled workforce and a strong entrepreneurial base. He also noted Madhya Pradesh's significance as the 'cotton capital,' contributing 25% of India's organic cotton supply.

The Central government aims for Rs. 86,680 crore (US$ 10 billion) in technical textile exports under the National Technical Textiles Mission, which has been extended to FY26 with a budget of Rs. 1,480 crore (US$ 170.74 million). Exports range from Rs. 17,336 crore (US$ 2 billion) to Rs. 26,004 crore (US$ 3 billion). Modi also emphasized the importance of water security, the Ken Betwa River Linking Project, and tax reforms to benefit the middle class and strengthen local supply chains.

Source: IBEF

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