Indian textiles ministry is coming up with a scheme to promote identified man-made fibre apparel and technical textile products to increase its share in global market. Smiriti Irani, Textiles Minister told Parliament the textile sector is the sixth largest exporter of textiles and apparels in the world. The share of the country's textiles and apparel exports in mercantile shipments was 11 per cent in 2019-20.

She said, the government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from January 1, 2021. The Cabinet has approved Production-Linked Incentive (PLI) scheme in the 10 key sectors to enhance India's manufacturing capabilities and exports. MMF (man-made fibre) segment and technical textiles are included among the 10 key sectors with approved financial outlay of Rs 10,683 crore over a five-year period.

She also said during crop year (2020-21), cotton production stood at 371 lakh bales. Till February 3, 2020-21, the government procured 90.39 lakh bales worth Rs 26,432 crore at minimum support price (MSP), benefitting 18.67 lakh farmers.