The development of electrically conductive fibers, exhibiting higher mechanical properties and their integration in smart and interactive textiles, has become a prominent research area throughout the world. Smart textiles have increasingly been used in medical, sports and military applications. In other words, we can say, smart textiles are going to shape our future. This paper describes our ongoing research in which, we have produced relatively highly conductive fibers by coating commercially available textile fibers (viscose, polyester) with conductive polymer, poly(3,4-ethylenedioxythiophene) (PEDOT). A novel coating technique, called oxidative chemical vapor deposition (OCVD), was used for this purpose. Different testing and characterization techniques were then employed to investigate electrical, mechanical, thermal, and surface properties of PEDOT coated fibers. The surface modification of electrically conductive textile fibers with silicone resins is also discussed and an analysis is given to show how silicone coating enhances the mechanical as well as hydrophobic properties of coated textile fibers. The obtained PEDOT coated textile fibers showed good electrical as well as mechanical properties. From this research, we can easily select the most appropriate type of fiber according to the specific electronic application, exhibiting the required end-used properties. These conductive fibers could also be used as substrates for heat generation devices, such as solar cells, and organic fuel cells.