CCEA approves setting up of National Technical Textiles Mission

The Cabinet Committee on Economic Affairs chaired by the Indian Prime Minister approved to set up a National Technical Textiles Mission with a total outlay of ₹1,480 crore.

The Mission will have a 4-year implementation period from 2020-21 to 2023-24. The Mission aims at enhancing the export of technical textiles from the current value of ₹14,000 crore to ₹20,000 crore by 2021-22. An ‘Export Promotion Council for Technical Textiles’ is also to be set up for coordination in the project.