Union Minister Piyush Goyal has called for a fivefold increase in India's technical textile exports within three years, highlighting the sector's significant growth potential in the global market. He also emphasised the need to increase the industry's annual growth rate to 15–20% over the next five years, compared with the current 8%.
The global technical textiles market is valued at approximately $250 billion, with India's share accounting for $19 billion. Goyal noted that India has already become a net exporter of technical textiles following the introduction of 207 dedicated HSN codes in January 2019.
The government also launched the National Technical Textiles Mission in February 2020 to strengthen the sector. India's major technical textile exports include PPE kits, N95 masks, surgical masks and related fabrics. The country also has a strong presence in packaging, geotechnical and agricultural textiles.
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