India’s Technical Textiles market at $29 billion, budget 2025 fuels growth: Report
Government initiatives such as the PLI scheme, PM MITRA parks, and quality control mandates are also playing a crucial role in positioning India as a global leader in advanced textiles.
Rubix Data Sciences, a leader in risk management and monitoring services, has released its latest industry report, offering a comprehensive analysis of India’s technical textiles sector. At a time when Budget 2025 has introduced key policy changes to strengthen domestic manufacturing, this report provides critical insights into market trends, investment opportunities, and emerging innovations shaping the future of technical textiles.
The technical textiles market in India, worth $29 billion in FY2024, is set for significant expansion, fuelled by Budget 2025’s increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery. The report highlights key segments like packtech (44 per cent market share), mobiltech, meditech, and agrotech which are expected to see growth due to rising investments and demand for high-performance fabrics. Cutting-edge advancements, including energy-harvesting fabrics, PCM-based adaptive clothing, and smart e-textiles for sports and fitness, are shaping the future of this industry. Government initiatives such as the PLI scheme, PM MITRA parks, and quality control mandates are also playing a crucial role in positioning India as a global leader in advanced textiles.
“Technical textiles are no longer just about durability – they’re about intelligence, adaptability, and sustainability,” said Mohan Ramaswamy, Co-founder and CEO at Rubix Data Sciences “Budget 2025 has given the sector an added push, and we’re seeing an exciting shift towards sustainable innovation, automation, and smart materials. Whether it’s self-cleaning fabrics, military-grade protective gear, or biodegradable packaging, the landscape is evolving rapidly. Businesses that tap into these advancements now will be ahead of the curve.”
As India strengthens its manufacturing base and expands its footprint in global trade, Rubix Data Sciences continues to provide data-driven intelligence that helps businesses navigate the industry shift. With global demand for high-performance fabrics rising, the Indian market presents significant opportunities for investment, exports, and innovation.
About Rubix Data Sciences
Rubix Data Sciences helps you to take prudent credit risks, build a robust supply chain and monitor compliance for your business partners in India and around the world. Rubix helps you collect payments in time from your debtors, helping generate predictable cash flows. Through its solutions, Rubix provides deep insights to credit, risk, supply chain, and compliance professionals in 1,300+ corporates, banks, NBFCs, credit insurance companies, and fintechs, facilitating quicker and more effective decision-making.
