India’s manmade fibre textile exports expected to rise 75% by 2030

India’s manmade fibre textile exports are projected to grow by 75% by the year 2030 to reach a total of $11.4 billion, UJA Global Advisory reported. The sector is experiencing strong traction and the government continues to run incentives for the industry such as the Production Linked Incentive scheme. 

“Technical textiles is a sunrise sector and the future of this industry,” an anonymous government official told ET Bureau. The 2022 financial year saw India’s manmade fibre textile exports reach $6.5 billion and the industry expects the upwards motion to continue. 
 
“Manmade fibre textiles are environment friendly and sustainable as they require less water compared to cotton textiles, are cheaper and more value addition can be done on them,” said the Synthetic and Rayon Textiles Export Promotion Council’s chairman Bhadresh Dodhia, the Economic Times reported. 

Following China, India is the world’s second largest manmade fibre textile manufacturer, ET Bureau reported. Products which are experiencing significant growth in terms of exports include synthetic fibre tents and tarpaulins as well as curtain and bed valances and interior blinds among others.
 
The government is encouraging capacity improvement for filament-based knitted and woven fabrics and processing manmade filament yarn-based textiles. Trade shows and international networking has also been deployed to enable Indian exporters to link with retailers in global markets including Japan, China, Poland, and Vietnam.