Explanation:

National Technical Textiles Mission to be set up:

o With a four-year implementation period from 2020-21 to 2023-24.

o At an estimated outlay of Rs 1480 crore.

o To position India as a global leader in Technical Textiles.

The Mission will be implemented for four years from 2020-2021 and will have four components:

The first component will focus on research and development and innovation and will have an outlay of ?1,000 crore. The research will be at both, fibre level and application-based in geo, agro, medical, sports and mobile textiles and development of bio-degradable technical textiles.
The second component will be for promotion and development of market for technical textiles. The Mission will aim at taking domestic market size to $40 billion to $50 billion by 2024.
The third component will focus on export promotion so that technical textile exports from the country reach from the ?14,000 crore now to ?20,000 crore by 2021-2022 and ensure 10% average growth every year till the Mission ends.
The last component will be on education, training and skill development.