Skip to main content

MoneyWorks4Me

Government to soon launch focused product scheme: Textiles Secretary

05 Nov 2020 Evaluate

With an emphasis on man-made fibre and technical textiles segment, Textiles Secretary Ravi Capoor has said that the government will soon launch a Focused Product Scheme.

Capoor further urged the domestic players to focus on the top 10 technical textile lines globally constituting about USD 82 billion, in which India's share is a miniscule 0.6 per cent. He said that huge benefits will be offered to kick-start these technical textile lines, adding that the government is also looking at setting up a special export promotion council to promote the technical textiles segment.

Textiles Secretary had earlier said the proposed Focused Product Scheme aims to promote both greenfield as well as brownfield investments in the specified segments. Technical textiles include textiles made for automotive applications, medical textiles, geotextiles, agrotextiles and protective clothing, among others.