Vision
Positioning India as a Global Textiles manufacturing hub by developing a US$ 250 billion Textile Industry and attaining US$ 100 billion in Global Textile Exports by 2030 by focusing on high-tech & high-growth product segments, leveraging inherent strengths, developing large scale plug and play infrastructure, keeping sustainability at the core, while ensuring large-scale livelihood opportunities, providing impetus to traditional sectors and becoming Atma-nirbhar in raw material value chain.

Mission
i. To strengthen Industry ecosystem and becoming truly ‘Atmanirbhar’ across raw material value chain covering both, natural and man-made fibre (MMF).
ii. To establish indigenous capabilities for world-class Textile Machinery manufacturing.
iii. To become a growth engine for employment opportunities with special focus on balanced regional development and women empowerment.
iv. To be in sync with the global trend, and achieve 60% man-made fibre consumption.
v. To enhance State-of-art plug & play mega textile parks and catalyze India’s growth to regain global dominance in textiles through economies of scale.
vi. To enhance quality of products by raising quality standards to increase export competitiveness and climb higher value chain.
vii. To ensure that industry achieves SDGs 2030 and to observe compliance of all practices for inclusive development.
viii. To build capabilities and the ecosystem needed for a transition towards a circular textiles industry
ix. To develop and promote organic cotton and other organic natural fibres in conjunction with natural dyes as unique contribution of India towards global sustainability.
x. To develop a strategic roadmap at sub-sector, product segment level to migrate towards high-value added/ high-tech manufacturing and to enable import substitution of high-tech/ high-value products.
xi. To create world class talent pool for global high-tech segments
xii. To support in brand building, promotion & market linkages for Indian Textiles in the international markets
xiii. To maintain relentless focus on Research, Development and Innovation across value chain segments 

Budget 24-2025

For the fiscal year 2024-25, the Ministry has an estimated annual budget of Rs 4,392 crore.