‘Technical textiles will cross $10 bn in export’

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Last Updated09/09/2024

The Government has launched the National Technical Textiles Mission and PLI Scheme for MMF, Apparel and Technical Textiles and has sanctioned 156 research projects under the Mission.

Union Minister for Textiles, Giriraj Singh, announced on Friday that India’s annual export of technical textiles is expected to cross $10 billion by 2030.
He made this statement while inaugurating a conference and exhibition on technical textiles in New Delhi, which was organized by the Ministry of Textiles, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Indian Technical Textiles Association (ITTA).

Minister Singh highlighted the growing significance of man-made fibres (MMF) and technical textiles in both global and local markets.
He emphasized the government's commitment to promoting the sector, referencing the National Technical Textiles Mission and the Production Linked Incentive (PLI) Scheme for MMF, Apparel, and Technical Textiles.
Under these initiatives, 156 research projects have been sanctioned to boost innovation and development in the sector.

Pabitra Margherita, Union Minister of State for Textiles, praised the efforts of several state governments in attracting Foreign Direct Investment (FDI) and promoting investments in the technical textiles industry. These initiatives aim to create a conducive environment for the growth of this emerging sector.

Rachna Shah, Union Textiles Secretary, provided an overview of the global and domestic markets. She noted that the global trade in technical textiles is valued at approximately $300 billion, while India’s domestic market is worth $25 billion, with annual exports reaching $2.6 billion.

Rajeev Saxena, Joint Secretary in the Ministry of Textiles, added that the government had released Quality Control Orders (QCO) for 57 technical textiles items, including fire retardant furniture fabrics.
Additionally, 37 new Harmonized System (HS) Codes have been introduced for better classification and regulation of technical textile products.