Man-Made Fibre Key To Ambitious USD 100 Bn Export Goal, Says Textiles Minister At MMF Conclave

ENA Sectors 2025-07-01 15:03:49 Chennai, July 1 (KNN) Union Minister of State for Textiles and External Affairs, Pabitra Margherita, on Monday underscored the critical role of man-made fibre (MMF) in driving Indias textile and apparel exports towards the ambitious USD 100 billion target by 2030. Speaking at the third Man-Made Fibre Conclave held in Coimbatore, the minister said that central initiatives such as the PM-MITRA parks and the Production-Linked Incentive (PLI) scheme will be pivotal in transforming the sector. Tamil Nadu is the torchbearer of the Indian textile industry, Margherita said, adding that the conclave offers a platform to address existing challenges and position India as a global hub for MMF production and innovation. Rakesh Mehra, Chairman, Confederation of Indian Textile Industry (CITI), echoed the ministers optimism, stating that India holds strong potential to emerge as a centre for sustainable, value-added, and innovation-led MMF products. However, he noted that while the country has established strengths in upstream MMF production, its downstream export footprint remains modest. Apparel Export Promotion Council (AEPC) vice-chairman and Poppys Group chairman Dr. A. Sakthivel also called for a robust ecosystem to strengthen the MMF value chain. Commenting on broader sectoral concerns, the minister noted the volatility in cotton prices and reaffirmed the government's commitment to providing a minimum support price. He also stressed ongoing efforts to integrate handloom artisans from remote regions into the modern textile value chain, equipping them with technology and design capabilities. (KNN Bureau) 42644 https://knnindia.co.in/news/newsdetails/sectors/man-made-fibre-key-to-ambitious-usd-100-bn-export-goal-says-textiles-minister-at-mmf-conclave 2025-07-01 15:03:49 knnindia.co.in Man-Made Fibre Key To Ambitious USD 100 Bn Export Goal, Says Textiles Minister At MMF Conclave