SME Times is powered by   
Search News
Just in:   • India, US bilateral trade focuses on high-growth sectors like chips, electronics  • India’s auto sector not likely to face major impact due to US tariff hike  • India's nuclear energy capacity jumps from 4,780 MW to 8,180 MW in 10 years, set for big leap  • Impact of Trump's 'reciprocal' tariffs may be limited due to FTA: South Korea  • PM Modi's 'MAGA, MIGA' equation for India-US 'MEGA' ties 
Last updated: 02 Jul, 2018  

Textiles.9.Thmb.jpg Technical textiles industry to grow at 20%: Top official

Technical.Textiles.9.jpg
   Top Stories
» India, US bilateral trade focuses on high-growth sectors like chips, electronics
» PM Modi's 'MAGA, MIGA' equation for India-US 'MEGA' ties
» PM Modi to meet Elon Musk at White House on Thursday
» PM Modi on 2-day US visit, to meet Trump today
» PM Surya Ghar scheme benefits 8.46 lakh households in first year of launch
SME Times News Bureau | 30 Jun, 2018

The technical textiles industry is projected to grow at 20 percent year-on-year and the segment’s potential is largely untapped in the country, a senior government official said.

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

India only accounts for 3 percent of global technical textile production. As compared to countries like Germany where technical textile contributes 50-60 percent, In India, this contribution is only 12 percent, she said.

After inaugurating TECHNOTEX 2018 – an International Exhibition and Conference on Technical Textiles jointly organised by FICCI, Gupta said that technical textiles are being promoted at the highest level by the government so that full potential of this critical segment could be realised.

She said that 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, “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.”

Nearly 168 exhibitors from 39 countries including China, Taiwan, South Korea, Vietnam and USA are participating in Technotex. A total of 225 international buyers will be taking part in reverse buyer-seller meet and 7000 visitors are expected at the two-day event.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter