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India invites proposals for EPC for Technical Textiles

03 Dec '20

1 min read

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The Indian ministry of textiles recently issued a notification inviting proposals from registered exporter associations and trade bodies for setting up a dedicated Export Promotion Council (EPC) for Technical Textiles. The Cabinet Committee on Economic Affairs, in a meeting on February 26, 2020, had approved the constitution of such a dedicated EPC with a total outlay of Rs. 1480 crore.

Constitution of such an EPC is part of one of the components of the National Technical Textiles Mission, according to an official release.

Apparel Export Promotion Council (AEPC) chairman A Sakthivel welcomed the decision, saying it will boost exports and strengthen domestic manufacturing capacity in the sunrise sector.

"Of the 207 items notified as technical textiles in January 2019, there are 12 products of apparel. The global market for these 12 products is estimated to be $11 billion, though India''s exports is only $93 million. This indicates a huge potential in these products if dedicated export promotion activities are undertaken for these products," he was quoted as saying.

Fibre2Fashion News Desk (DS)

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