Summary:

Mr. Giriraj Singh, Union Minister of Textiles, believes that India's technical textile sector will achieve the $10 billion target set for 2030. Speaking at the 'Viksit Bharat - Technical Textiles for Sustainable Growth & Development' conference in New Delhi, he emphasized the growing global and local relevance of synthetic fibers and technical textiles.

Shri Singh inaugurated the National Technical Textiles Mission (NTTM) Compendium and presented certificates to 11 approved start-ups. He highlighted the government's commitment to promoting the industry through initiatives like the NTTM and the Production-Linked Incentive (PLI) Scheme. Singh recognized the potential of Meditech products and noted that 156 research projects, including those focused on carbon fiber and start-up funding, had been authorized. The conference, co-organized by the Ministry of Textiles, FICCI, and the Indian Technical Textile Association, focused on employment, innovation, and global market opportunities estimated at $300 billion.

Source: IBEF 

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