Valued at $29 billion in FY2024, India's technical textiles market is poised for significant expansion, per the latest report by leading provider of risk management and monitoring services, Rubix Data Sciences.
As per this report, this growth is fueled by Budget 2025's increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery. The report highlights the high growth expected in key segments like packtech, mobiltech, meditech, and agrotech due to increased investment and demand for high-performance fabrics.
Cutting-edge advancements, including energy-harvesting fabrics, PCM-based adaptive clothing, and smart e-textiles for sports and fitness, are shaping the future of this industry. Government initiatives such as the PLI scheme, PM MITRA parks, and quality control mandates are also playing a critical role in positioning India as a global leader in advanced textiles.
More than just durability, technical textiles are about intelligence, adaptability and sustainability, says Mohan Ramaswamy, Co-founder and CEO, Rubix Data Sciences. Budget 2025 has given the sector an added push towards sustainable innovation, automation, and smart materials. The industry’s landscape is evolving rapidly, be it in term of self-cleaning fabrics, military-grade protective gear, or biodegradable packaging. Businesses capitalizing on these advancements now will remain ahead of the curve, he adds.
As India strengthens its manufacturing base and expands its global trade footprint, Rubix Data Sciences continues to provide data-driven intelligence to help businesses navigate this industry shift. With global demand for high-performance fabrics on the rise, the Indian market presents significant opportunities for investment, exports, and innovation.
