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India aims for 75% surge in manmade fibre textile exports by 2030

06 Dec '23
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • India sets a bold target of $**** billion for MMF textile exports by 2030, despite a recent decline in MMF apparel and home textile exports.
  • The shift towards MMF textiles is attributed to environmental sustainability and affordability.
  • Recent data indicates a downward trend in MMF exports, prompting a need for enhanced strategies and market exploration.

*.*pt"> India aims to increase its exports of textiles made of manmade fibre (MMF) by ** per cent by ****. The government has set a target of $**.* billion for MMF textile exports by ****, compared to $*.* billion noted during fiscal ****-** (April-March). However, the exports of MMF apparel and home textiles have shown a downward trend in the last fiscal, according to trade data. 

*.*pt"> India is the second-largest producer of MMF after China. MMF finds use not only in home textiles like curtains, drapes, and interior blinds but also in technical textiles and apparel. A government official highlighted that technical textiles represent a burgeoning sector and signify the future of the MMF industry. These products are expected to drive growth in the textile industry. 

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