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Weaving op...
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HinduBusinessLine

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Weaving opportunities

  • The manufacturing share of textiles and cotton ginning in India's GVA has remained stagnant, but opportunities in technical textiles are rising due to political unrest in Bangladesh.
  • Technical textiles, used in various industries from automobiles to space applications, are experiencing strong growth in India, with a projected market value of $309 billion by 2047.
  • Government initiatives like National Technical Textiles Mission (NTTM) and Production Linked Incentive (PLI) scheme aim to boost the technical textiles sector through research, innovation, and enhancing production scale.
  • To maximize India's potential in technical textiles, there is a need for industry-oriented curriculum in textile engineering courses, skilling initiatives, and collaboration with international universities.

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