Trade Trends

In consultation with industry, field experts and Centers of Excellences fortechnical textiles, Ministry of Textiles is identifying HS Codes for thetechnical textile products that are currently being traded under the HS Codes of traditional textile products and those technical textile products that are mixed with other products. Ministry of Textiles is currently working on finalisation of 246 HS Codes as technical textiles. The following report captures the trade trends for products identified under these codes.

Figure 3: India's trade in technical textiles

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While India exports nearly 50% of all its production of technical textiles, the increase of the country’s exports at CAGR of 16.7% between 2012-13 and 2007-08 indicates encouraging global demand for India’s technical textile products. Furthermore, with CAGR of 11.4% in imports between 2007-08 and 2012-13 alone, Indian consumers have demonstrated significant demand for technical textiles products.

These statistics highlight not only concerted domestic needs, but also India’s potential to address global demands, for technical textiles products. With advancing technology, higher integration with global markets,and greater sensitization to market needs, the Indian technical textiles industry demonstrates significant potential, for the development of local industry and prospective entrepreneurs.