The Economic Times daily newspaper is available online now.

    New policy may make technical textiles mandatory in defence, agri

    Synopsis

    The ministry of textiles estimates the technical textile industry in India will grow to about Rs 2 lakh crore by 2020-21 from over Rs 1.16 lakh crore in 2017-18.

    niti-aayog
    NITI Aayog, the government’s thinktank, has made comprehensive suggestions to focus on technical textiles, highlighting its huge domestic and export potential.
    NEW DELHI: The government may make the use of anti-hail nets to protect crops, chemical-protection suits for defence, and drapes, gowns, sanitary napkins and implants for medical use mandatory as it seeks to develop the potential of technical textiles and facilitate their public procurement.

    A comprehensive policy on technical textiles is being prepared to make their use mandatory in certain sectors, provide financial support to promote domestic manufacturing and set standards to make India a production hub for them. Technical textiles are meant for non-aesthetic purposes, where function is the primary criterion.

    “Discussions in this regard are being held at the level of the Prime Minister’s Office and a policy note could be moved soon for consideration,” two people aware of the deliberations told ET.

    According to one official, who spoke on condition of anonymity, the Bureau of Indian Standards has been advised to develop world-class norms across the 12 segments of technical textiles on priority as the government wants to push domestic production.

    India accounts for about 4% of the global market for technical textiles. The ministry of textiles estimates the technical textile industry in India will grow to about Rs 2 lakh crore by 2020-21 from over Rs 1.16 lakh crore in 2017-18. Technical textiles account for about 12% of India’s textile market, compared with 20% in China.

    “A policy on technical textiles is in the works and will be finalised soon,” another official said.

    NITI Aayog, the government’s thinktank, has made comprehensive suggestions to focus on technical textiles, highlighting its huge domestic and export potential.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more
    The Economic Times

    Stories you might be interested in