During the TEXPROCIL Exports Awards Function, Union Finance Minister Nirmala Sitharaman expressed concerns about the challenging decade ahead for global trade and industry. She identified rising protectionism, climate risks, technological disruption, and supply-chain volatility as key issues impacting exporters and manufacturers. Sitharaman noted that many countries are increasingly implementing non-tariff barriers, complicating global competition for nations like India. Despite these challenges, she asserted that crises could also present opportunities, particularly for India, which is well-positioned to adapt to changing consumer preferences. The minister emphasized that sustainability is now a critical requirement for exporters, as global retailers are integrating sustainability standards into their sourcing criteria. Furthermore, she pointed out that advancements in artificial intelligence and automation are transforming the textile sector, necessitating Indian exporters to invest in skills and innovation to maintain global competitiveness. Sitharaman concluded by stating that the government is committed to expanding India's exports and helping industries adapt to evolving global demands.