Chamber recommends setting up of a National Textiles Research Council
Raising concern over India's share in U.S. imports of technical textiles and non-woven fabrics which is way behind China, Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday said the domestic industry needed R&D support.
“India's share in U.S. imports of special purpose fabric (technical textiles) and non-woven fabrics was merely 2.6 per cent and 1.2 per cent, respectively in 2009 as compared to China's share of 15 per cent and 12 per cent,” a FICCI study said.
India needs to strengthen its capabilities to tap this growing market as technology-intensive products are the future, it said. The study said there was a need to formulate a comprehensive research and development (R&D) policy for the Indian textile industry.
The chamber has submitted its recommendations to the Ministry of Textiles in this regard.
“The policy should aim at increasing the country's share of advance technology-based products and high value-added items in global market to 7 per cent in the next five years from less than 2 per cent now,” the FICCI study said.
The chamber has also recommended setting up of a National Textiles Research Council with a seed-money of Rs. 30 crore and an annual grant of Rs. 10 crore.
The chamber said the policy should provide a special focus on eco-friendly textiles that would help in reducing carbon footprint.