Policy rejig to nudge textile's transition to manmade fibers

The Niti Aayog has begun reviewing policies that need to be tweaked in the textile and apparel sector to encourage a move towards a circular economy, as India gears up for a transition towards manmade fiber (MMF) to cater to the rising global demand.

The focus would be to facilitate development of new business models, technological advancement, development of new markets and products and even imposing extended producer responsibility for a transition towards a circular economy, a senior official said.

"A formal roadmap, which is being developed in consultation with the textile ministry, will be firmed up soon," the official added.

The strategy comes amid the government's push to MMF and technical textiles for which it has approved a ₹10,683 crore production-linked incentive scheme last year.