Insights
- The Indian government has approved a project focusing on researching the development of the world’s strongest carbon fibre, essential in aerospace, civil engineering, and defence industries.
- Piyush Goyal chaired a meeting to greenlight technical textile projects, including carbon fibre research.
- India aims for self-reliance in technical textiles.
The Indian government has approved a project that will focus on researching the development of the world’s strongest carbon fibre. The strength and other properties of carbon fibre make it highly sought after in aerospace, civil engineering, defence, motorsports, and various other industries.
Last month, Piyush Goyal has chaired a meeting of the Mission Steering Group (MSG) of National Technical Textiles Mission (NTTM) in New Delhi. He approved several technical textile projects including a project on carbon fibre. It is the strongest fibre but it is very expensive. Therefore, consumers restraint from its usage. India can get promising business if it makes way in carbon fiber and its products. Carbon fibre is basic raw materials for many products of technical textiles.
Last month saw Piyush Goyal presiding over a pivotal meeting of the Mission Steering Group (MSG) of the National Technical Textiles Mission (NTTM) in New Delhi. Among the various technical textile projects greenlit during the session, one particularly notable initiative revolves around carbon fibre. Despite being renowned for its unparalleled strength, the steep cost associated with carbon fibre often acts as a deterrent for consumers. However, India’s strides in advancing carbon fibre and its associated products present a promising avenue for substantial business growth. Carbon fibre serves as a fundamental raw material for numerous technical textiles products.
The government has also stressed the need to enhance indigenous development of technical textiles products through collaborative efforts with the industry. It’s noteworthy that a large number of startups are operating in the technical textiles sector. The ministry of textiles has approved 11 project proposals, including nine for research and development projects, one for machine development, and one for equipment development. The project related to carbon fibre will enable India to become self-reliant in the field of technical textiles, as it constitutes a key raw material. The government has allocated ₹103 crore for all these projects.