ENA Sectors 2025-02-10 15:00:27 <p><span style="font-size:14px"><strong>New Delhi, Feb 10 (KNN)</strong> The Government of India has announced an ambitious target to achieve USD 10 billion in technical textiles exports under its National Technical Textiles Mission, according to Minister of State for Textiles Pabitra Margherita's statement in the Rajya Sabha this week. </span></p> <p><span style="font-size:14px">The initiative, launched in 2020-21 and recently extended through 2025-26, represents a strategic effort to establish India as a global leader in this specialised sector.</span></p> <p><span style="font-size:14px">The mission, supported by a substantial financial outlay of Rs 1,480 crore, aims to significantly expand India's current technical textile exports, which presently range between USD 2 billion and USD 3 billion. </span></p> <p><span style="font-size:14px">Technical textiles, distinguished by their specialised applications in high-end industries, serve as advanced alternatives to traditional materials across various sectors including infrastructure, healthcare, and industrial applications.</span></p> <p><span style="font-size:14px">The government has structured the mission around four key components, with research, innovation, and development receiving the largest allocation of Rs 1,000 crore. </span></p> <p><span style="font-size:14px">Additional focus areas include promotion and market development (Rs 50 crore), export promotion (Rs 10 crore), and education, training, and skill development (Rs 400 crore). </span></p> <p><span style="font-size:14px">This comprehensive approach emphasises indigenous development of machinery and specialty fibers while promoting awareness and expertise in the sector.</span></p> <p><span style="font-size:14px">Minister Margherita, in his written parliamentary response, characterised technical textiles as a sunrise sector with substantial growth potential. <br /> He emphasised its versatile applications across critical sectors such as roads, railways, construction, agriculture, medical industry, hygiene, automobile, defense, space, and industrial safety. </span></p> <p><span style="font-size:14px">The minister further highlighted that the expansion of technical textiles would play a pivotal role in advancing the nation's infrastructure, agriculture, healthcare, and industrial development.</span></p> <p><span style="font-size:14px">The mission's strategic focus on enhancing exports while developing domestic capabilities reflects the government's commitment to positioning India as a significant player in the global technical textiles market. </span></p> <p><span style="font-size:14px">This initiative aligns with broader national objectives of industrial modernisation and export growth in specialised manufacturing sectors.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em><br /> </p> 41004 https://knnindia.co.in/news/newsdetails/sectors/india-targets-usd-10-bn-in-technical-textiles-exports-under-national-mission-mos-pabitra-margherita 2025-02-10 15:00:27 knnindia.co.in