The Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food and Public said that the annual growth rate of technical textiles sector in the country should be in the range of 15%-20% over the next five years, from the current 8%. Delivery Piyush Goyal.
He told the representatives of the Indian Technical Textile Association (ITTA) in New Delhi on Friday that it is time to target a five-fold growth in exports of technical textiles in three years.
The world market for technical textiles is worth $250 billion and India’s share is $19 billion.
‘net exporter’
The biggest players are the US, Western European countries, China and Japan.
In January 2019, the government issued 207 HSN codes for technical textiles and in less than two years, India became a net exporter of technical textiles.
It also unveiled the National Technical Textiles Mission in February last year. In FY 2011, the major share of India’s technical textile exports was in PPE, N-95 and surgical masks, and fabric for PPE and masks. 92 technical textile items have been mandated for use by government organizations covering agriculture, horticulture, highways, railways, water resources and medical applications. India has a major presence in packaging textiles, geotechnical textiles and agricultural textiles. Minister.
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