Export of special technical textile products on rise, says NTTM official


Representational image only. File

Representational image only. File
| Photo Credit: The Hindu

“Export of special technical textile products grew 6.2% between April and November compared with the same period last year,” said Ashok Kumar Malhotra, Mission Director of the National Technical Textiles Mission (NTTM).

Mr. Malhotra told The Hindu on Friday (December 20, 2024) that the exports were worth ₹2,915 crore from April to November this year compared to ₹2,345 crore during April – November last year. “India imports a lot of technical textile products. With increasing consumption, the domestic demand is growing. It is important to promote domestic production and ensure that imports do not increase. India is gaining on exports now, especially of products such as diapers and sanitary napkins” he said.

Packing technology and geo textiles are two segments of technical textiles that are growing rapidly. “India has a strong base of natural raw materials. These need to be developed into functional textiles.”

“Of the total outlay of ₹1,480 crore for the Mission, more than 50% was already spent and another ₹500 crore is earmarked for creating the eco system by training the right personnel. Those who want to benefit from the schemes in the Mission can apply till March 2026,” Mr. Malhotra said.

“There are 12 centres of excellence for technical textiles and a report will be ready in another three months that will identify the centres that need to be moved to the next level of activities and new ones required,” he added.



Source link

spot_img

More from this stream

Recomended

Fiscal deficit at 46.5% of full-year target at October-end: Govt data‘GST spurring fresh tax terrorism,’ says former CEA Arvind SubramanianJoin Central schemes and be self-reliant, Nirmala Sitharaman urges womenFestival rush missing but net GST revenues up 11.1% in November amid sharp drop in refundsCentre working on national policy paper on female labour force participation72 individuals affected by endosulfan exposure get artificial limbs at two MRPL campsHopes of factory growth rebound in Q3 on thin iceGovt scraps windfall profit tax on domestic crude oil, export of fuelsTrump's 100% tariff threat on BRICS depends on whether U.S. laws would permit it, says ex-RBI governorMore than 37,500 Bru tribal refugees rehabilitated in Tripura: Union Home Ministry98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBIReports about GST rate changes on various goods are premature and speculative, says CBITMRPL and CAD Foundation donate 64 ECG machines to Primary Health Centres, Namma Clinics in Dakshina KannadaTrump’s high tariff pledge will provide huge export opportunities for India: NITI Aayog’s SubrahmanyamReserve Bank's MPC starts deliberations on bi-monthly monetary policySeoul stocks sink amid South Korea drama as Asian markets mixedTeam from Kerala begins cleanup of hazardous wastes dumped in Tirunelveli districtSimultaneous poll bills unlikely to be passed in Parliament: DigvijayaWest Bengal, Bihar most impacted by arsenic contamination: Centre tells NGTWatch: India’s July-September GDP growth slides: what options does RBI have? | Business Matters