Textiles, Tourism, & Technology to Play Key Role in Job Creation: PM Modi

Looking ahead to India’s development trajectory, Prime Minister Narendra Modi highlighted that the textile, tourism, and technology sectors will be instrumental in generating millions of new jobs. He emphasized that investments in these industries will enable them to make a global impact at a time when the world is looking to India with optimism and anticipation. Speaking at the inauguration of the Global Investment Summit organized by the Madhya Pradesh government in Bhopal, Modi also noted that the state has the potential to rank among the top five in the country in terms of GDP.

Arguing that states should build on their strengths, Modi gave the example of the textiles sector. “India was the second-largest producer of cotton, silk, polyester, and viscose. India also had a rich tradition, skills, and entrepreneurship in textiles. Madhya Pradesh, being the cotton capital of India, contributes to around 25 per cent of the country's organic cotton supply and is the largest producer of mulberry silk while the state's Chanderi and Maheshwari sarees are highly appreciated and have received the GI Tag.” The investments in this sector will take Madhya Pradesh's textiles to a global scale.

Modi highlighted the need to go beyond tradition.

Prime Minister Modi emphasized the importance of expanding beyond traditional textiles to promote technical textiles, such as agro textiles, medical textiles, and geotextiles. He revealed that a national mission has been launched for this purpose, which has been supported in the current budget. Modi also pointed out the Government's PM MITRA scheme, which is well-known, and highlighted the development of seven large textile parks across the country, including one in Madhya Pradesh. Additionally, the prime minister encouraged investors to capitalize on the Production-Linked Incentive (PLI) scheme introduced for the textile sector.