Globally, the technical textile industry is a large, steadily growing market; this robust global market is waiting for the industry as both domestic consumption and export is expected to grow rapidly
MUMBAI: “Technical Textiles products cater to a wide array of industries, thereby exhibiting a plethora of opportunities as a high-value sector in India,” said Smt. Darshana Jardosh, Hon’ble Minister of State for Textiles, Government of India. The Government is making all efforts to promote Technical Textiles and has undertaken various incentives in this direction, like the PLI scheme in technical textiles, and the creation of new HSN Codes amongst others, she added further.
The Hon’ble Minister was speaking at the curtain raiser event for ‘Technotex 2023’, at Trident hotel, Mumbai.
The Ministry of Textiles, Government of India in collaboration with the Federation of Indian Chambers of Commerce Industry is organizing India’s premier show on Technical Textiles- ‘Technotex 2023’ from 22nd to 24th February 2023 in Mumbai, under National Technical Textiles Mission (NTTM).
The curtain raiser was organized to brief the Foreign Missions in India, the Media, and the leading Technical Textile industry about the significance of the event, the importance the ministry accords to the sector, and to set the chord for meaningful deliberations in making the summit fruitful.
“Globally, the technical textile industry is a large, steadily growing market; this robust global market is waiting for the industry as both domestic consumption and export is expected to grow rapidly,” said Smt Jardosh.
She also mentioned that at this juncture, it is very important that we build a strong connection with the global industry, attract domestic & global investments as well as project India’s strengths, initiatives & facilities in regard to Technical Textiles to the world.
Speaking at the event Shri Chandrakant Patil, Hon’ble Minister of Textile, Higher & Technical Education, Parliamentary Affairs, Government of Maharashtra said that the Technical Textile sector is one of the key constituents of the Indian economy and is also a focus of the Government towards Aatma Nirbhar Bharat as one of the niche sunrise sectors of the economy.
“The textile industry in Maharashtra indeed holds strategic importance in India as it is the single largest employer, contributing around ~14% of India’s total textile and apparel exports,” mentioned Shri Patil.
He also mentioned that Maharashtra’s Textile Policy is aimed at generating 10 lakh new employment; attracting investments worth INR 36,000 Crore, and providing many benefits including competitive power tariff and increased capital subsidy, etc.
Comparing the penetration of Technical Textiles in Indian textile industries with global markets Shri Rajeev Saxena, Joint Secretary, Ministry of Textiles, Govt. of India said that at present Technical Textile penetration is only 8-9% of the overall Textile sector, whereas in developed countries it goes up to 65% or so.
Smt Roop Rashi, Textile Commissioner, Ministry of Textiles, Government of India said that Technotex 2023 vision is to look at India at 2047, how we grow from today to be the world leaders in all the segments, if possible, otherwise at least in some of the niche segment in 25 years from now.
“We look forward to more than 15,000 business visitors in Feb 2023. We also look at a huge interaction with user industries within the Government of India as well as abroad all the Diplomats and CEOs and so on,” said Smt Rashi.
Shri Dhiraj Shah, Chairman, SRTEPC said that Technical Textiles is an advanced technology-backed sunrise sector across the globe, which is steadily gaining ground in India.
He said that India has a low export share in the top 10 textile markets, however, India exports Technical textiles of US $ 1 billion to the USA, which shows the potential of Technical Textile export. “With adequate support from the government Technical Textile sector will grow and achieve its true potential,” said Shah.
Shri Mohan Kavrie, Chairman & Mentor, FICCI Technotex SME Organizing Committee & Chairman, welcomed Hon’ble Ministers and other dignitaries to the curtain raiser event.
Shri Avinash Misar, vice Chairman, the Indian Technical Textile Association (ITTA) said that Technical Textile is currently in the most conducive environment and ecosystem. This is because of the continuous effort of the industry and indeed has a fantastic future ahead.
