New Delhi: The Indian technical textiles sector is poised for a outstanding development trajectory, with expectations to succeed in a staggering $50 billion throughout the subsequent 5 years from the present $22 billion, mentioned textiles secretary Rachna Shah on Tuesday.
Addressing an occasion organized collectively by FICCI, BIS, and the Ministry of Textiles, Shah highlighted the substantial progress witnessed by the technical textiles phase, each nationally and internationally.
“The worldwide technical textiles market stands at round $260 billion and is projected to surge to $325 billion by 2025-26. In India, we’re making great strides with the present market dimension at $22 billion. The federal government is unwaveringly dedicated to elevating it to a formidable $40-50 billion within the coming 5 years,” Shah asserted.
Shah make clear the multifaceted strategy employed by the federal government, which features a robust give attention to analysis and growth actions within the technical textile sector, encompassing fibers and the event of varied purposes. Moreover, the federal government is devoted to establishing a well-structured skilling ecosystem to nurture a talented workforce important for the sector’s enlargement.
The secretary additionally acknowledged that the ministry is working carefully with varied inter ministries and departments throughout the authorities and state governments to extend the demand and penetration of technical textiles. “One of many essential parts of the strategy is specializing in requirements and laws for technical textiles as these are extremely specialised merchandise with excessive efficiency necessities,” she added.
Shah additional knowledgeable that along with growing requirements, additionally it is necessary to map the technical textiles with HSN codes as it should assist in monitoring the commerce of those merchandise. The HSN codes are in flip being mapped to numerous laws and requirements. A collaborative strategy between the certification companies, trade and varied authorities ministries will probably be essential in making certain the success of our initiatives and development of the sector, she famous.
The Ministry of Textiles has notified two high quality management orders (QCOs) for 31 technical textiles, together with geo textiles and protecting textiles, efficient 7 October. Moreover, draft QCOs for 28 objects, together with Agro Textiles and Medical Textiles, have been notified on the WTO’s web site to solicit suggestions.
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Up to date: 25 Jul 2023, 05:30 PM IST
Supply: Live Mint