The Production Linked Incentive (PLI) scheme for textiles will promote the production of manmade fiber apparel, fabrics and products of technical textiles.

An outlay of Rs 1480 crores for the National Technical Textiles Mission has been allocated to promote and develop the technical textile sector in India. India’s share in technical textiles is about six per cent of the world’s market size.

The penetration level of technical textiles is low in India but the annual average growth of the segment is 12 per cent as compared to the four per cent world average growth.With adequate support, Indian exports of technical textiles can grow and achieve their true potential. So says the Synthetic and Rayon Textiles Export Promotion Council. Inclusion of technical textile products under the Interest Equalization Scheme and creating awareness about the capacity of the Indian technical textile sector to supply high quality technical textile products in the world market has also been recommended by the SRTEPC.

The council wants the government to provide enhanced RoDTEP rates for technical textile export promotion for a period of three years. Fixation of SION for technical textile products on a priority basis has also been called for. SRTEPC says inclusion of certain HSN codes of technical textile products under the PLI 2 scheme would go a long way in promoting technical textiles in the country.