Prime Minister Narendra Modi has outlined a three-pronged strategy for India’s economic growth, focusing on Textile, Tourism, and Technology. Speaking at the Madhya Pradesh Global Investor Summit in Bhopal, he emphasized that these sectors have the potential to generate millions of new jobs and strengthen India’s global competitiveness.

India’s textile industry is one of the country’s oldest and most established sectors. As the world’s second-largest producer of cotton, India has a rich textile tradition, a skilled workforce, and a strong entrepreneurial base. Madhya Pradesh, often referred to as the "cotton capital" of India, contributes 25% of the country’s organic cotton supply, reinforcing its position as a leading state in textile production. India ranks sixth globally in textile and apparel exports, making it a key player in the international textile market.

To further boost the sector, the Central government has launched the National Technical Textiles Mission, aiming to achieve Rs. 86,680 crore (US$ 10 billion) in technical textile exports by FY26. The initiative, first introduced in FY21, has been extended with a financial outlay of Rs. 1,480 crore (US$ 170.74 million). Currently, India’s technical textile exports range between Rs. 17,336 crore (US$ 2 billion) and Rs. 26,004 crore (US$ 3 billion), showcasing steady growth and innovation in high-value textiles.

Apart from textiles, tourism is another crucial sector that PM Modi believes will drive economic development. India’s diverse cultural heritage, natural beauty, and historical landmarks attract millions of tourists annually, contributing significantly to GDP growth. Sustainable tourism policies and infrastructure development are expected to further enhance India's appeal as a global tourist destination.

Technology is the third pillar of PM Modi’s growth vision. The rapid expansion of digital infrastructure, artificial intelligence (AI), and automation is transforming industries across India. He encouraged investors to support cutting-edge technological advancements, which will enable the nation to compete in the global digital economy.

Water security and sustainable industrial growth were also key themes of PM Modi’s address. He highlighted the Ken-Betwa River Linking Project, an initiative with a financial outlay of Rs. 45,000 crore (US$ 5.19 billion). This project will boost irrigation infrastructure, benefiting 10 lakh hectares of farmland, ensuring better water resource management and increased agricultural productivity.

Additionally, PM Modi reaffirmed the government’s commitment to empowering the middle class through economic reforms. He referenced the restructuring of tax slabs in the Union Budget, making income up to Rs. 12 lakh (US$ 13,848.28) tax-free. This reform aims to stimulate demand, boost local supply chains, and strengthen India’s self-reliance in manufacturing.

By leveraging textiles, tourism, and technology, India is set to accelerate economic growth, create jobs, and enhance global competitiveness. PM Modi’s vision emphasizes a strategic and sustainable approach, ensuring that India’s industries continue to evolve while fostering self-reliance and innovation.

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