Home / News / Piyush Goyal calls for 5 times rise in Indian tech textile export

Piyush Goyal calls for 5 times rise in Indian tech textile export

06
Nov '21
Pic: Kamil Ďurana|Dreamstime.com
Pic: Kamil Ďurana|Dreamstime.com
The time has come to target five times increase in export of technical textiles in three years, Indian minister of textiles Piyush Goyal recently told representatives of Indian Technical Textile Association (ITTA) in New Delhi. The centre would support performance-linked incentive schemes for the textile sector in states backing manufacturing infrastructure like cheap land and power, he said.

“We should align with [the] best standards in textile manufacturing. There should be no difference in quality of textile meant for international and domestic consumers,” he was quoted as saying in an official release.

He suggested public-private participation in the use of government funds in research and development in technical textiles.

The technical textiles sector in India has gained momentum in past five years, growing now at 8 per cent per annum. The aim is to hasten this growth to 15-20 per cent range during the next five years, he said.

India’s share in the global technical textile market of $250 billion is $19 billion. He said that in addition to the growth in statistical terms, India will direct the growth towards high technology and indigenous products.

The National Technical Textiles Mission was launched in February last year to make India self-reliant in that sector, he added.

Fibre2Fashion News Desk (DS)

Leave your Comments

Pic: Kongsberg Automotive
US’ Lear acquires Kongsberg Automotive’s Interior Comfort Systems
Pic: Andritz AG
Austria’s tech group Andritz sees order intake of €1.5 bn in Q3 2021

Follow us