New Delhi: The Indian technical textiles sector is poised for a remarkable growth trajectory, with expectations to reach a staggering $50 billion within the next five years from the current $22 billion, said textiles secretary Rachna Shah on Tuesday.
Addressing an event organized jointly by FICCI, BIS, and the Ministry of Textiles, Shah highlighted the substantial progress witnessed by the technical textiles segment, both nationally and internationally.
“The global technical textiles market stands at around $260 billion and is projected to surge to $325 billion by 2025-26. In India, we are making tremendous strides with the current market size at $22 billion. The government is unwaveringly committed to elevating it to an impressive $40-50 billion in the coming five years,” Shah asserted.