MoneyWorks4Me

India’s exports of technical textile products grow 28.4% in 2021-22

09 Feb 2023 Evaluate

Underlining the various initiatives taken by the government, Union Minister of State for Textiles, Darshana Jardosh has said that India’s exports of 207 Technical Textile products have grown from $2.21 billion in 2020-21 to $2.85 billion in 2021-22, registering a growth rate of 28.4%.

Minister said 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 annum taking the level of domestic market size to 40-50 Billion USD by the year 2024. 

Darshana also noted that 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.