In the aftermath of COVID-19, the Indian textile industry has immersed itself in examining viable business opportunities, further aided by Indian Government’s call to reduce or eliminate import dependency on China. The timing is right to give a huge impetus to build a strong portfolio for MMF textile products across the value chain. Success is more likely to be achieved by focusing on technology-intensive, and by building competitive advantage for better profit margins. 266 MMF textile products including fibres, yarns, fabrics, made-ups, apparels, specialised articles, and technical textile contributed to the trade-in US$ 389 billion according to the global trade data of the year 2019. China is dominant in major part of the textile value chain, and as global economic change occurs, an opportunity of import and export substitution rises in the favour of the Indian textile industry. The Government of India is promoting the country as destination worth investing through removal of anti-dumping duty on PTA, special economic zones targeting foreign investment, allotment of the budget of Rs. 1,480 crore for a national technical textile mission.
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