The Union textile ministry is in the process of creating a comprehensive roadmap which, on the one hand, aims to address on dealing with a wide range of existing issues hampering the growth and, on the other hand, it aims to chart an action plan to achieve the targeted growth strategies in a
The technical textile industry in India is experiencing a boom, with a compounded annual growth rate (CAGR) of 12% to 14%. The industry is in an exciting phase of development, with significant growth potential ahead, avers Avinash Misar in an exclusive interview with Henry Dsouza, Associate Editor of Textile Insights Can you evaluate the current […]
Union Minister of Textiles, Giriraj Singh, confidently projected that India’s technical textiles industry will surpass the US$ 10 billion mark by 2030. Speaking at the ‘Viksit Bharat- Technical Textiles for Sustainable Growth & Development’ conference in New Delhi, Singh highlighted the increasing role of man-made fibres and technical textiles in everyday life,
To advance the technical textiles sector, the Government has approved grants for four start-ups and five educational institutions. This decision was made during the 8th Empowered Programme Committee (EPC) meeting of the National Technical Textiles Mission, chaired by the Secretary of the Ministry of Textiles at Udyog Bhawan. Under the ‘Grant for Research &
The Mission Steering Group, chaired by the Union Minister of Textiles, has sanctioned 19 groundbreaking research initiatives valued at approximately Rs 21 crores under the National Technical Textiles Mission. These projects span vital areas such as composites, geotextiles, smart textiles, and advanced machinery, and were approved during the 9th Mission Steering Group
Prime Minister Narendra Modi inaugurated Bharat Tex 2024, one of the largest-ever global textile events to be organized in the country at Bharat Mandapam on February 26, 2024 in New Delhi. The Prime Minister also took a walkthrough of the exhibition showcased on the occasion. Addressing the gathering, the Prime Minister said that the occasion […]
The Indian Ministry of Textiles launched several initiatives in 2023, which include PM MITRA Parks, Kasturi brand cotton and garnered investment of around Rs 2,119 crore under PLI Scheme. The initiatives also include 126 research proposals approved and valued at Rs 371 crore under National Technical Textile Mission (NTTM) for speciality fibre and technical textile. […]
The domestic technical textiles sector is all set to commence its next phase of growth trajectory going forward as the industry is finding itself in a much more conducive situation in the last few years. Though the government has been trying to promote this sector for some time now, it is only in the last […]