Dec 3: Ministry of Textiles has invited proposals for the constitution of a dedicated Export Promotion Council (EPC) for Technical Textiles vide Public Notice dated December 01, 2020. The Exporter Association and Trade bodies registered under the Companies Act or Society Registration Act have been asked to submit a proposal for the constitution of a dedicated EPC for Technical Textiles by 15th December 2020.
The Council shall abide by all directions of the Central Government in respect of promotion and development of international trade and would be responsible to promote ITC(HS) lines identified and Notified by Directorate General of Foreign Trade from time to time.
The Cabinet Committee on Economic Affairs, in its meeting held on 26th February,2020, gave its approval to set up a National Technical Textiles Mission with a total outlay of Rs. 1480 Crore, with a view to position the country as a global leader in Technical Textiles. The Mission would have a four year implementation period from FY 2020-21 to 2023-24. Constitution of an Export Promotion Council for Technical Textiles is part of one of the components of the National Technical Textiles Mission.
Technical Textiles are futuristic and nice segment of textiles, which are used for various applications ranging from agriculture, roads, railway tracks, sportswear, health on one end to bullet proof jackets, fire proof jackets, high altitude combat gear and space applications on other end of spectrum.
Background of Technical Textiles:
Technical textiles are textiles materials and products manufactured primarily for technical performance and functional properties rather than aesthetic characteristics. Technical Textiles products are divided into 12 broad categories (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Mobiltech, Meditech, Protech, Sportstech, Oekotech, Packtech) depending upon their application areas.
India shares nearly 6% of world market size of 250 Billion USD. However, the annual average growth of the segment is 12%, as compared to 4% world average growth.
The penetration level of technical textiles is low in India at 5-10%, against 30-70% in advanced countries. The Mission aims at improving the penetration level of technical textiles in the country.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.