India will export technical textiles worth over $10 billion annually by 2030, said Giriraj Singh, Union Minister for Textiles, Giriraj Singh at the inauguration of a conference and exhibition on technical textiles in New Delhi.
The conference and the exhibition were organised by the Ministry of Textiles along with the Federation of Indian Chambers of Commerce and Industry, and the Indian Technical Textiles Association.
Emphasising on the growing demand and significance of man-made fibres (MMF) and technical textiles both globally and within India, Singh said, to boost this sector, the government has launched the National Technical Textiles Mission and introduced a Production Linked Incentive (PLI) Scheme for MMF, apparel, and technical textiles. Additionally, it has also sanctioned 156 research projects under the Mission.
Pabitra Margherita, Union Minister of State for Textiles, highlighted the initiatives taken by various state governments to attract investments, including Foreign Direct Investment (FDI), in technical textiles.
Rachna Shah, Union Textiles Secretary, noted, the global trade in technical textiles is valued at approximately $300 billion, with India’s domestic market accounting for $25 billion and annual exports reaching $2.6 billion.
Rajeev Saxena, Joint Secretary added, the government has issued Quality Control Orders for 57 technical textile items, such as fire retardant furniture fabrics. It has also introduced 37 new Harmonised System (HS) Codes to enhance regulation and standardisation of technical textile products.
