National Technical Textiles Mission (NTTM)

About National Technical Textiles Mission (NTTM):

What are Technical Textiles?

• Technical Textiles are textile products which are manufactured primarily for their functionality and use rather than the aesthetic appeal.
• These products are broadly classified into 12 different categories- Agrotech, Oekotech, Buildtech, Meditech, Geotech, Clothtech, Mobiltech, Hometech, Sportstech,Indutech, Protech, Packtech.

Technical Textiles Mission in India

• The Ministry of Textiles has launched NTTM to increase the penetration level of technical textiles in India while leveraging the extraordinary growth rate of the sector.
  • The Indian Technical Textiles Sector has an Annual Average Growth Rate (AAGR) of 12% which is three times the world average of 4%.
• The aim of the mission is to position India as a global leader in Technical Textiles.
• The mission will comprise of the following four components:
  • Research, Innovation and Development
  • Promotion and Market Development
  • Export Promotion
  • Education, Training, Skill Development
• Implementation: The NTTM has been approved with an implementation period of four years starting from FY 2020-21 till FY 2023-24. The total outlay of the mission is INR 1480 Cr.
• Target: The Mission has a target to take domestic market size of technical textile sector to $ 40-50 Bn by the year 2024 with an average growth rate of 15-20% per annum.

 

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Source : PIB