TECHNOTEX INDIA 2018 | Technical textiles industry to grow at 20%: Commissioner

  •  
  • 7
  •  
  •  
  •  
  •  
    7
    Shares

New Delhi: TECHNOTEX INDIA is an international exhibition and conference on technical textiles and showcases medical textiles, transport textiles, industrial textiles, eco textiles, geo textiles, and packaging textiles. The technical textiles industry is projected to grow at 20 per cent year-on-year and the segment’s potential is largely untapped, a senior government official said here.

“We see huge growth potential for the technical textile industry in India. With 12 segments of technical textiles and a market size of ₹1,16,000 crore, it is projected to grow 20 per cent per annum,” Textile Commissioner Kavita Gupta said here.

“We see huge growth potential for the technical textile industry in India. With 12 segments of technical textiles and a market size of ₹1,16,000 crore, it is projected to grow 20 per cent per annum,” Textile Commissioner Kavita Gupta said here.

India accounts for just 3 per cent of global technical textile production. As compared to countries like Germany where technical textile contributes 50-60 per cent, in India, the contribution is only 12 per cent, she said.

She said the Ministry needs the support of industry to promote usage of technical textiles.
Shishir Jaipuria, Chairman, FICCI Textile Committee and Chairman and Managing Director of Ginni Filaments, in his welcome address, said, “The Government has special focus on technical textiles and has announced various flagship schemes and future looks promising. We want to pass on the benefits to the consumers.”

TECHNOTEX exemplifies the immense potential for trade and investment between India and foreign countries in the technical textile sector. The event will serve as the right platform for interaction between the Indian and Foreign companies from the technical textile value chain.

“We see huge growth potential for the technical textile industry in India. With 12 segments of technical textiles and a market size of ₹1,16,000 crore, it is projected to grow 20 per cent per annum,” Textile Commissioner Kavita Gupta said here.

Technotex 2018

The 7th edition of International Exhibition and conference on Technical Textiles i.e. Technotex 2018 was organized jointly by Ministry of Textiles, Govt. of India and Federation of Indian Chambers of Commerce & Industry (FICCI) from June 28-29, 2018 at Bombay Exhibition Centre, Goregaon, Mumbai -India.

The event served as the right platform for interaction between the Indian and Foreign companies from the technical textile value chain.

“We see huge growth potential for the technical textile industry in India. With 12 segments of technical textiles and a market size of ₹1,16,000 crore, it is projected to grow 20 per cent per annum,” Textile Commissioner Kavita Gupta said here.

Ever since the 1985 batch IAS officer of Maharashtra cadre, Dr Kavita Gupta was appointed as the Textile Commissioner, the department has seen remarkable progress and policy changes that are helping the textile industry. Recently, speaking at the inaugural session of TECHNOTEX 2018 she said that the textile sector is being promoted at the highest level, by no less than the Prime Minister himself as he has taken keen interest and has informed all the ministries to do best possible to promote technical textile.

Increasing the Share of India in the Global Technical Textile Production

Textile Commissioner, Dr Kavita Gupta informs that with 12 segments of technical textiles and a market size of Rs 1,16,000 crore, India only accounts for 3% of global technical textile production. Citing the comparative study of Germany and India, she tells that whereas in Germany technical textile contributes 50-60%, its contribution in India is only 12%. Now that geo-textiles in railways and highways have been mandated for the usage of technical textile, it appears the sector may receive a boost.

“We see huge growth potential for the technical textile industry in India. With 12 segments of technical textiles and a market size of ₹1,16,000 crore, it is projected to grow 20 per cent per annum,” Textile Commissioner Kavita Gupta said here.

Organizing the successful event ‘TECHNOTEX’ that provides a common platform for interaction amongst stakeholders from across the global technical textile value chain will help India’s textile companies to great extent. Moreover, as the forum provides a gateway to the technical textile arena and bridges the gap between buyers and sellers by facilitating B2B and G2B meetings, this can further help India’s textile industry.

The success of the event can be mapped from the fact that this year, a total of 1160 B2B meetings and 51 G2B took place. Similarly, 230 international buyers took part in reverse buyer-seller meets and contributed to the success story of the event. Though it is a daunting task to increase India’s share in technical textile globally, Dr. Kavita Gupta’s career has always been the one where she has faced all challenges and emerge a winner.

Technical textiles industry to grow at 20%: Commissioner

Overview of INDIAN TECHNICAL TEXTILE INDUSTRY

I. Technology Mission on Technical Textiles (TMTT)

Under Technology Mission on Technical Textiles (TMTT) with a fund outlay of Rs. 200 crore, four Centres of Excellence (CoE) were set up in the area of Indutech, Sportech, Non wovens and Composites and four CoEs were upgraded in the area of Agrotech, Meditech, Protech,and Geotech.

II. Scheme for promoting usage of Agrotextiles in North-Eastern Region

The scheme has an approved outlay of Rs.55 crore for a period of 5 years from 2012-13 to 2016-17. The Scheme has been extended for another two years (2017-18 & 2018-19). The aim of the scheme is to encourage utilization of Agrotextiles in improving the agriculture, horticulture, floriculture & sericulture produce of the N-E states through awareness programmes, development of Agrotextile products suitably customized for use in the North-Eastern region, creating demonstration set-up depicting the benefit of usage of Agrotextile products suitable for the region, training of farmers and distribution of Agrotextile kits to farmers in the local communities. Demo centres have already been established in all the NER states.

III. Scheme for promoting usage of Geotechnical textiles in North-Eastern Region:

The Scheme was launched in December 2014 with a total outlay of Rs. 427 crore for a period of 5 years from 2014-15 to 2018-19. The objective of the scheme is to promote and utilize Geo-textiles in development and strengthening of the infrastructure in the NE states by providing technological and financial support for meeting incremental costs, if any, due to the usage of Geo textiles in existing/ new projects in road, hill/ slope protection & water reservoirs. The projects are identified in consultation with the State-Governments & concerned Stakeholder Agencies. So far projects have been approved for Manipur, Tripura, Meghalaya and Arunachal Pradesh.

Facebook Comments