CCEA approves establishment of National Technical Textiles Mission

Speed Post News Network

New Delhi : The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, on February 26, 2020, gave its approval to establishment of a National Technical Textiles Mission with a total outlay of Rs 1,480 crore, with a view to positioning 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. 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 bulletproof jacket, fireproof jackets, high altitude combat gear, and space applications on other end of spectrum, according to a PIB release.

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 on 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.