The Cabinet Committee on Economic Affairs has approved setting up of National Technical Textiles Mission for a period of 4 year. The mission aims at positioning India as a global leader in technical textiles.
India has nearly 6% share of $250 billion global technical textiles market. However, the annual average growth of the segment in India is 12% as compared with world average growth of 4%.
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The total outlay of scheme is Rs 1480 Crore. The Mission would have a four year implementation period from FY 2020-21 to 2023-24.
The National Technical Textiles Mission has four components:
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