GOI allocates Rs 1,480 crore to National Technical Textile Mission

On March 19, 2020, Smt Smriti Irani, Minister of State for Textiles presented the details of National Technical Textiles Mission in Rajya Sabha. The government of India has allocated Rs 1,480 crore for the mission.

National Technical Textiles Mission

  • The mission will have a four-year implementation period from the financial year 2020-21 to 2023-24.
  • The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
  • The goal of this mission is to increase the size of the domestic market to $ 40-50 billion by the year 2024 through market development, market promotion, international technical cooperation, investment promotion and an average of 15-20 percent per year. Will be at a growth rate. An initiative of Make in India, ”an official statement said.
  • It envisages export promotion of technical textiles, which has been increased from the current annual value of about Rs 14,000 crore to Rs 20,000 crore by 2021-22 and ensures 10 percent average growth in exports per year by 2023-24. is.

What are the technical textiles?

Technical textiles are a non-aesthetic product, where work is its primary purpose. Originally, they are used in 12 applications, such as Geotech, Indutech, Military Clothing, Packing, Agriculture, Building, Geotech, Medtech, Autotech, Smarttech, Sporttech, and Klotech. They are functional fabrics used in civil engineering, automobile, agriculture, construction, health, personal safety, etc. For example, the technical temperature can be used for a high-temperature environment, in suits of astronauts and firefighters, etc. The Government of India plans to use technical textiles in highways and ports to build a strong infrastructure. 

DSGuruJi - PDF Books Notes

Leave a Comment