Exports of technical textiles jump by 28.4% in FY22

New Delhi, Feb 9 (KNN) Registering a growth rate of 28.4 per cent, India’s exports of 207 Technical Textile products have grown from USD 2.21 billion in 2020-21 to USD 2.85 billion in 2021-22, said Union Minister of State for Textiles, Darshana Jardosh on Wednesday.

In a written reply to a question in Lok Sabha she informed that with a view to boost technical textiles sector in the country, the government has set up the National Technical Textiles Mission (NTTM) for a period of 4 years (2020-21 to 2023-24) with an outlay of Rs 1,480 crore.

The mission aims at achieving an average growth rate of 15-20 per cent per annum taking the level of domestic market size to 40-50 Billion USD by the year 2024. 

“The government has issued General Guidelines for Enabling of Academic Institutes in Technical Textiles’ Education in India for Private & Public Institutes, with the objective of improving learning levels by encouraging new Technical Textiles Degree Programme (UG & PG), updating existing conventional degree programmes with new papers of Technical Textiles etc.,” she added.

Apart from this, the government has approved the Grant for Internship Support in Technical Textiles (GIST) with the objective of supporting academic industry linkages in the domain of technical textiles, said the MoS.

As per the guidelines, financial assistance upto Rs 20,000 per student per month (for a maximum period of 2 months) would be given to empanelled companies on re-imbursement basis, for onward release to eligible students. 

The two guidelines were launched on January 5, 2023. The details of both the schemes can be accessed from www.nttm.texmin.gov.in  (KNN Bureau)