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Monday, 08 November 2021 17:17

India to boost technical textile exports over next three years

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India targets a fivefold increase in export of technical textiles in the next three years. There will be production-linked incentives for the textile sector including affordable infrastructure for manufacturing like cheap land and power and alignment with the best standards in textile manufacturing.

Growth of technical textiles in India has gained momentum in the past five years, growing at an eight per cent per annum. The aim is to hasten this growth to 15 to 20 per cent over the next five years. The growth will be directed toward high technology and indigenously innovated products. With these objectives in mind, the National Technical Textiles Mission was launched in February 2020, with a view to making India a self-reliant, vibrant, export-oriented economy. In January 2019, for the first time in India, 207 HSN Codes were issued for technical textiles, and in less than two years India turned a net exporter in technical textiles.

Technical textiles are textiles that are engineered to give the desired output suitable for specific applications. The basic raw materials are natural fibers like jute, silk and cotton. India has an eight per cent share in this market. The biggest players are the US, western Europe, China and Japan.