Speaking at the National Conclave on Technical Textiles, jointly organised by the Ministry of Textiles and FICCI, in Mumbai Union textiles minister Smriti Zubin Irani said India's technical textiles sector is estimated to reach Rs 2 lakh crore by 2020-21. The government, under the aegis of Ministry of Textiles, has dedicated 207 HSN codes for technical textiles to the nation. This decision can enable the sector to grow at a massive pace in coming years.

Irani said, the technical textiles sector has a huge job-giving potential with every Rs. 1 crore investment generating 70 jobs. This will lead to growth in sectors such as research, education and facilities such as testing labs as well. She further stated that partnerships between agrotech companies and Krishi Vigyan Kendras can be very impactful.