The Ministry of Textiles, on Thursday invited proposals for constitution of a dedicated Export Promotion Council (EPC) for Technical Textiles.
Technical textiles are textiles materials and products manufactured primarily for technical performance and functional properties rather than aesthetic characteristics. These kind of textiles are used in wide areas that include automobiles, civil engineering & construction, agriculture, medical, shipping, industrial safety, sports and personal protection.
The Ministry has asked the Exporter Association and Trade bodies registered under Companies Act or Society Registration Act to submit proposal for constitution of a dedicated EPC for Technical Textiles by 15th December 2020.
Rajkumar, Chairman of Confederation of Indian Textile Industry (CITI) welcomed this decision and said “technical textile has a bright and promising future in India.”
He conveyed through a press release “the Government has set up a target of the market size of US$ 350 billion to be achieved by 2024-25 from the current level of US$ 167 billion, for the Textile and Clothing Sector.”
” The said target cannot be only achieved by showing growth in the conventional segments like Cotton and MMF segments. Until and unless, we go for out of box solutions and show tremendous growth in the technical textiles, achieving the market size of US$ 350 billion looks highly unlikely.”
” Hence, in the present backdrop, the decision of setting up of a dedicated Export Promotion Council is a step in the right direction.”