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Union Textiles Minister Giriraj Singh announced on Friday that India's technical textile industry exports are expected to exceed $10 billion by 2030.
Union Textiles Minister Giriraj Singh announced on Friday that India’s technical textile industry exports are expected to exceed $10 billion by 2030. The global market for technical textiles is approximately $300 billion, with India’s domestic market currently valued at $25 billion and exports standing at $2.6 billion. Singh highlighted that India aims to produce carbon fibre, a key material used in aerospace, civil engineering, and defense, by the 2025-26 fiscal year. At present, India imports all its carbon fibre, as domestic production is nonexistent.
Singh underscored the growing significance of man-made fibres and technical textiles in various sectors and emphasized the government’s commitment to advancing this industry. Initiatives such as the National Technical Textiles Mission and the Production Linked Incentive (PLI) Scheme for MMF Fabric, Apparel, and Technical Textiles are already in place. During an event organized by the Ministry of Textiles, FICCI, and the Indian Technical Textile Association (ITTA), Singh also launched the Compendium of the National Technical Textiles Mission and awarded confirmation certificates to 11 approved startups under the mission.
He mentioned that 156 research projects have been sanctioned to support the development of high-performance fibres, including carbon fibres. Minister of State for Textiles, Pabitra Margherita, added that the country is moving towards self-reliance in technical textiles and encouraged states to promote investments in the sector.