Union Textiles Minister Giriraj Singh has announced that Indian exports of technical textiles are expected to exceed US $ 10 billion by 2030. He also highlighted that India is projected to start producing niche carbon fibre by 2025-26.
Currently, the global market for technical textiles is valued at approximately US $ 300 billion, with India’s domestic market at US $ 25 billion and exports standing at US $ 2.6 billion. Singh expressed optimism about India’s entry into the carbon fibre market, a material used in aerospace, civil engineering, and defense as an alternative to metals. At present, India imports all its carbon fibre.
Singh emphasised the growing significance of man-made fibres and technical textiles in various sectors globally and domestically. “The Government is committed to advancing India’s technical textiles industry and has launched several initiatives, including the National Technical Textiles Mission and the PLI Scheme for MMF Fabric, Apparel, and Technical Textiles,” Singh stated during an event organised by the Ministry of Textiles, FICCI, and the Indian Technical Textile Association (ITTA).
The minister also introduced the Compendium of the National Technical Textiles Mission (NTTM) and awarded confirmation certificates to 11 approved startups under the mission. He revealed that 156 research projects, including those on carbon fibre development and support for startups in technical textiles, have been sanctioned.
Singh expressed confidence in the local industry’s ability to develop high-performance fibres with extensive applications in aerospace, automotive, and construction sectors. He reiterated the Government’s full support to make India a global leader in technical textiles.
Minister of State for Textiles, Pabitra Margherita, noted that the country is progressing towards self-reliance in all sectors, including technical textiles. Margherita also highlighted that various State Governments are actively promoting investments, including foreign direct investment (FDI), in the technical textiles industry and encouraged other states to follow suit.
