Technical textile market seen expanding at steady pace in India
(16:25, 25 Jul 2023)
Rachna Shah, Secretary, Ministry of Textiles, Govt of India today stated that within the textile sector, the technical textile segment has in recent years shown a robust growth, both internationally and in domestic market. The global technical textiles market is around $260 billion and is expected to increase to $325 billion by 2025-26. Within India, the market size is around $22 billion, and the goal of the government is to take it to $ 40-50 billion over the next 5 years, she noted. Addressing the 6th edition of National Conclave on Standards & Regulations for Technical Textiles', organized by FICCI, jointly with BIS and Ministry of Textiles, Shah further added that the export of technical textile presently is $ 2.5 billion, and government's objective is to enhance it to $ 10 billion during this period.

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