India to export technical textiles worth over $10 billion by 2030

India is poised to become a major player in the global technical textiles market, with the country aiming to export products worth over $10 billion annually by 2030. This ambitious target was announced by Union Minister for Textiles, Giriraj Singh, at the inauguration of a conference and exhibition on technical textiles in the national capital.

The event, jointly organized by the Ministry of Textiles, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Indian Technical Textiles Association (ITTA), showcased the growing importance of man-made fibers (MMF) and technical textiles both domestically and internationally.

To boost the sector, the government has launched the National Technical Textiles Mission and introduced a Production Linked Incentive (PLI) Scheme for MMF, apparel, and technical textiles. Additionally, it has sanctioned 156 research projects under the Mission.

Union Minister of State for Textiles, Pabitra Margherita, highlighted the initiatives taken by various state governments to attract investments, including Foreign Direct Investment (FDI), in technical textiles. Rachna Shah, Union Textiles Secretary, noted global trade in technical textiles is valued at approximately $300 billion, with India's domestic market accounting for $25 billion and annual exports reaching $2.6 billion.

Rajeev Saxena, Joint Secretary, added that the government has issued Quality Control Orders for 57 technical textile items, such as fire retardant furniture fabrics. It has also introduced 37 new Harmonized System (HS) Codes to enhance regulation and standardisation of technical textile products.