Monday, February 10, 2025
News

India aims USD 10 billion worth of technical textile exports: MoS Pabitra Margherita

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | February 9, 2025 9:42:37 AM IST
The central government aims to target the export of USD 10 billion worth of technical textiles under its National Technical Textiles Mission, MoS textiles Pabitra Margherita informed Rajya Sabha this week.

To position India as a global leader in technical textiles, the Mission was launched in 2020-21 and has been extended till 2025-26, with a financial outlay of Rs 1,480 crore.

At present, India's technical textile exports are reportedly between USD 2 billion to USD 3 billion.

Technical textiles are defined as textile materials and products used primarily for their technical performance in various high-end industries.

There are four broad components under the Mission: The first among those is research, innovation and development with an allocation of Rs 1,000 crore.

The next components are promotion and market development with a Rs 50 crore allocation; export promotion with Rs 10 crore; and education, training, and skill development with a Rs 400 crore outlay.

The mission focuses on research and innovation and indigenous development of machinery and speciality fibres; promoting awareness amongst users? enhancing India's exports of technical textiles? and creating human resources with requisite skills.

"Technical Textiles is a sunrise sector in the country, offering immense growth potential across various industries. It provides an alternative to the traditional materials used in an application in various sectors such as roads, railways, construction, agriculture, medical industry, hygiene industry, automobile, defence, space and industrial safety etc.," the minister said in his written reply.

The expansion and adoption of technical textiles will significantly contribute to the nation's infrastructure, agriculture, healthcare, and industrial growth, Minister Margherita added. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
India to prioritize energy infrastructur...
J-K Sericulture Development Department o...
India's total trade to reach USD 1.8 tri...
J-K: PNB organises housing and 'Surya Gh...
India's CDMO market set to double by 202...
PLI for electronics manufacturing attrac...
More...
 
INDIA WORLD ASIA
We will support BJP's Yamuna cleanup pla...
Telangana: Chilkur Balaji Temple priest ...
INDIA alliance will regroup for Lok Sabh...
First Golden Pagoda Marathon concludes s...
'Model of loot and lies of Arvind Kejriw...
'Glory of national capital will return':...
More...    
 
 Top Stories
Trade between India and France has ... 
India has advantage, will adjust be... 
We will support BJP's Yamuna cleanu... 
India co-chairing AI summit in Pari... 
Sultan bin Ahmed honours Shams Arab... 
From Dubai to Osaka: UAE inspires w... 
First Golden Pagoda Marathon conclu... 
"Model of loot and lies of Arvind K...