Man-Made Fibre Key To Ambitious USD 100 Bn Export Goal, Says Textiles Minister At MMF Conclave

(MENAFN- KNN India) Chennai, July 1 (KNN) Union Minister of State for Textiles and External Affairs, Pabitra Margherita, on Monday underscored the critical role of man-made fibre (MMF) in driving India's textile and apparel exports towards the ambitious USD 100 billion target by 2030.

Speaking at the third Man-Made Fibre Conclave held in Coimbatore, the minister said that central initiatives such as the PM-MITRA parks and the Production-Linked Incentive (PLI) scheme will be pivotal in transforming the sector.

“Tamil Nadu is the torchbearer of the Indian textile industry,” Margherita said, adding that the conclave offers a platform to address existing challenges and position India as a global hub for MMF production and innovation.

Rakesh Mehra, Chairman, Confederation of Indian Textile Industry (CITI), echoed the minister's optimism, stating that India holds strong potential to emerge as a centre for sustainable, value-added, and innovation-led MMF products.

However, he noted that while the country has established strengths in upstream MMF production, its downstream export footprint remains modest.

Apparel Export Promotion Council (AEPC) vice-chairman and Poppys Group chairman Dr. A. Sakthivel also called for a robust ecosystem to strengthen the MMF value chain.

Commenting on broader sectoral concerns, the minister noted the volatility in cotton prices and reaffirmed the government's commitment to providing a minimum support price.

He also stressed ongoing efforts to integrate handloom artisans from remote regions into the modern textile value chain, equipping them with technology and design capabilities.

(KNN Bureau)

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