Pic: Shutterstock
India will soon launch a scheme focused on man-made fibres (MMF) and technical textiles segment, according to textiles secretary Ravi Capoor, who recently told a virtual event organised by the Confederation of Indian Industry (CII) that the government is also looking at setting up a special export promotion council to promote the technical textiles segment.
The production-linked Focused Product Scheme’s emphasis is deliberate, he said.
Capoor also urged the domestic players to focus on the top 10 technical textile lines globally constituting about $82 billion, in which India's share is a miniscule 0.6 per cent. Huge benefits will be offered to kick-start these technical textile lines, he was quoted as saying by a news agency.
Capoor had earlier said the proposed Focused Product Scheme aims to promote both greenfield as well as brownfield investments in the specified segments.
Fibre2Fashion News Desk (DS)
India will soon launch a scheme focused on man-made fibres (MMF) and technical textiles segment, according to textiles secretary Ravi Capoor, who recently told a virtual event organised by the Confederation of Indian Industry (CII) that the government is also looking at setting up a special export promotion council to promote the technical textiles segment.