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MoS Margherita boosts textile exports, jobs during Russia visit
The Business Guardian
|October 06, 2025
India is actively exploring the possibility of increasing its textile exports to Russia, and possibly to other CIS countries, as it understandably intensifies its diversification efforts.
On an official three-day visit to Russia this week, Minister of State for Textiles and External Affairs, Pabitra Margherita, underlined India’s intent to deepen engagement with the Russian textile industry across trade, technology, and manpower, among others.India currently exports textiles worth USD 37.4 billion, and the government is aiming for a threefold increase by 2030. “We are trying to diversify our markets and also exploring new markets,” the minister told over the phone after concluding his three-day visit. Russia imports about USD 12 billion worth of textiles from global markets annually, and India’s share is negligible.During his visit, Margherita met Russian Deputy Ministers for Trade and Commerce and held high-level talks focused on future collaboration.” We discussed the way forward in deepening our cooperation in the textile industry by enhancing industrial, R&D, investment and academic cooperation.
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