Cabinet approves National Technical Textiles Mission
Finance Minister Nirmala Sitharaman had in the budget on February 1 announced a proposal to set up a National Technical Textiles Mission with a four-year implementation period from 2020-21 to 2023-24.
The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Textiles Minister Smriti Irani told reporters here.
Technical textiles are material and products made primarily for their technical properties and functional requirements. They have wide usage such as agro-textiles, medical textiles, geo-textiles, protection-textiles, industrial-textiles, sports-textiles and many other usages.
Use of technical textiles have benefits of increased productivity in agriculture, horticulture and aquaculture fields, better protection of military, para-military, police and security forces, stronger and sturdier transportation infrastructure for highways, railways, ports and airports and in improving hygiene and health-care of general public.
In terms of the projections of the last baseline survey on technical textiles submitted in 2015, the market size in India for the year 2017-18 is projected as Rs 1,16,217 crore.