India will produce carbon fibre by FY26: Govt
By : Bizz Buzz
Update:2024-09-07 07:23 IST
New Delhi: Union Textiles Minister Giriraj Singh on Friday expressed confidence that the niche carbon fibre -- which is used in aerospace, civil engineering and defence as an alternative to metal -- will be produced by India in 2025-26.
Currently, India does not produce any carbon fibre and relies completely on imports from countries such as the US, France, Japan and Germany. The European Union’s proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026.
“The coming days belong to Technical textiles in every sector. I am fully confident that in 2025-26 the niche carbon fibre product will also be with India,” Singh told reporters here.