A recent study commissioned by the Federation of Indian Chambers of Commerce and Industry (FICCI) shows that India’s share in US imports of technical textiles and non-woven fabrics is abysmally low.
The FICCI has raised concerns over the fact that India’s market share in US imports of technical textile fabrics stands at just 2.9 per cent and that of non-woven fabrics make up for an even lower 1.2 per cent in 2009.
In comparison, China’s share stands at 15 per cent in exports of technical textile fabrics and 12 per cent in non-woven fabrics in the same period. The FICCI says that a research and development textile policy needs to be formulated to correct this anomaly.
According to FICCI, the current share of Indian advance technology-based and high value-added textile goods in global market stands at just two per cent and the policy should target a market share of seven per cent.
The apex body also suggests that the policy should offer a special-focus on eco-friendly textiles that would help in reducing carbon footprint. The FICCI has recommended setting up a national textiles research council with a capital outlay of Rs 30 crore and a yearly grant of Rs 10 crore.
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