India`s technical textile exports to cross target of $10 billion by 2030: Giriraj Singh
Emphasizing the increasing consumption and importance of man-made fibres and technical textiles in all spaces of life, at both a global and domestic level, Union Minister of Textiles, Giriraj Singh has expressed confidence that India’s technical textile exports will cross the target of $10 billion set for 2030.
The Union Minister further stated that the Government is fully dedicated in the development of the technical textiles industry of India and has taken various steps such as launch of National Technical Textiles Mission (NTTM), PLI Scheme for MMF Fabric, Apparel and Technical Textiles.
Highlighting the key initiatives taken under the NTTM mission, the Union Minister stated that 156 research projects have been sanctioned including development of carbon fibres and support to start-ups under different areas of technical textiles. He emphasized on the potential of Meditech, especially hygiene products as a major contributor in achieving this target.
Besides, he displayed confidence in the ability of the local industry, government and stakeholders in the development of High-Performance Fibres that have huge applications in different field including aerospace, automobile and construction. Union Minister reiterated the complete support of the government to become a global leader and the largest manufacturer and market of technical textiles.
