India's textile recycling market projected to reach $3.5 bn by 2030, may add 1 lakh jobs: Report
Analysis of this story by et_companies · 10 Mar 2026, 10:07 PM IST (about 2 months ago)
AI Analysis
The Indian textile sector is a major global player, and this news signals a strong government and industry focus on sustainability, which can drive innovation and investment. This aligns with broader market trends towards ESG (Environmental, Social, and Governance) investing.
Trading Insight
Key Evidence
- •India's textile recycling market is projected to reach $3.5 billion by 2030.
- •The growth in textile recycling may add 1 lakh (100,000) jobs.
- •Textiles Minister Giriraj Singh highlighted India's potential to lead the global transition towards sustainable and circular production systems in the textile sector.
- •Risk flag: Execution risk in scaling up recycling infrastructure.
- •Risk flag: Fluctuations in raw material prices for recycled textiles.
Affected Stocks
Reliance has a significant presence in the textile sector and is increasingly focusing on sustainability and circular economy initiatives, making it a potential beneficiary of growth in textile recycling.
As a large textile player, Welspun India could benefit from the push towards circularity and sustainable production, potentially integrating recycled materials into its products.
Vardhman Textiles, a prominent yarn and fabric manufacturer, stands to gain from increased demand for recycled fibers and sustainable textile production.
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Sources and updates
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