: Formalisation of standards required by technical textiles industry stressed #FinanceIndia #StockMarketNEWS New Delhi, June 11 (KNN) Textiles Secretary Upendra Prasad Singh said that the standards

@StockMarketNEWS Mon 13 Jun, 2022

Posted in: #FinanceIndia #StockMarketNEWS

Formalisation of standards required by technical textiles industry stressed #FinanceIndia #StockMarketNEWS
New Delhi, June 11 (KNN) Textiles Secretary Upendra Prasad Singh said that the standards required by the Textile industry need to be put in place for the promotion of the sector.

While addressing an event on the standards for technical textiles, he said “I do not think we have issued any kind of quality control orders as far as technical textiles are concerned.”

“Going forward, the government would have to consider issuing quality control orders for the sector in consultation with the domestic industry”, he added.

Standards or quality norms help the industry tap global markets and get good prices for their products.

Speaking at the event, Rajeev Sharma, Deputy Director General (Standardisation), Bureau of Indian Standards, said that “technical textiles account for about 19 per cent of Indias total textiles and apparel industry.”

Indias share in the global trade of technical textiles (USD 250 billion) stood at about 6 per cent. The level of penetration of the sector in India is about 5-10 per cent against 60-760 per cent in the developed world.

"But, consumption of these products is increasing in India due to its versatility and durability," Sharma said.

These are used in various industries, including agriculture, highway construction, sports, and health and making safety protection clothing. (KNN Bureau)