India's agrotech import soars to ₹159 cr; hometech plummets to ₹82 cr

According to a study conducted by the Indian Technical Textile Association (ITTA), agrotech and hometech imports stood at ₹102 crore and ₹108 crore, respectively, for the period of April-June 2022. The trade data was released by India's ministry of commerce and industry. 

The report stated that during the first quarter of fiscal 2023-24 (April-March), the imports of buildtech were ₹561 crore, a 4 per cent decrease from ₹582 crore in the same period last year. Similarly, imports for clothtech were ₹57 crore (previously ₹87 crore), geotech ₹378 crore (previously ₹323 crore), indutech ₹804 crore (previously ₹916 crore), meditech ₹296 crore (previously ₹355 crore), mobiltech ₹1,571 crore (previously ₹1,568 crore), packtech ₹205 crore (previously ₹136 crore), protech ₹136 crore (previously ₹140 crore), sportech ₹163 crore (previously ₹163 crore), nonwovens ₹350 crore (previously ₹353 crore), speciality fibres ₹544 crore (previously ₹554 crore), and composites ₹79 crore (previously ₹43 crore).  

In April-June 2023, India imported technical textiles worth ₹5,385 crore, which was one per cent lower than the ₹5,430 crore from the same period last year. In June 2023 alone, imports decreased by 12 per cent to ₹1,716 crore from ₹1,954 crore. 

Fibre2Fashion News Desk (KUL)