7th Edition of 3-day Techtextil India 2017

By gta_admin, in National News on . Tagged width:

Mumbai: Techtextil India 2017, the premier forum for the technical textiles industry in Mumbai today on the day 2 of Techtextil India.03 The mega event hosted over 175 companies from India, Austria, Belarus, China, France, Germany, Italy, Korea, Spain, Belgium and Switzerland along with domestic players along with 29 brands exhibiting garment machinery, latest innovations and Product launches by major players of Technical Textiles industry like Garware Wall Ropes, Reliance, Luwa India, Low & Boner, Welspun, and Tex & Twist and more.

Ms. Kavita Gupta, Textile Commissioner of India shared, “This event gives out a message that technical textile is a future. Technical Textiles exist in every aspect of our life but this needs better productivity, better technology and better durability. In India Technical Textiles is 11%, the total no of units in Technical Textiles is 2200, which throws a lot of investment opportunities for the sector. 15 % subsidy is what the Govt if offering for domestic players who want to set up machinery. In the last 5 year the growth has been 12.4%CAGR”. She also threw light on various applications of Technical textiles across Sports, Medicine, Defence, Mobiles etc and GeoTextiles & Agro Textiles are increasingly important segments for the sector. She also threw light on the role of eight Center for Excellence units which have been set-up by the Govt to foster research & development in the sector.

Mr. Raj Manek, Managing Director, Messe Frankfurt Trade Fairs India shared, “Recognised as one of the most successful global platforms, Techtextil India continues to be on the forefront of India’s Technical Textile and Nonwoven industry’s advancements by showcasing the latest in technology, ideas and solutions. India’s textiles sector is also one of the largest contributing sectors of India’s exports contributing 14 % to the country’s total exports basket. Today, India’s textiles market stands at USD 150 billion (INR 96,000 billion) and It is expected to touch USD 250 billion (INR 16,000 billion) in the next two years (by 2020). The textile industry employs about 51 million people directly and 68 million people indirectly. India has overtaken Italy and Germany to emerge as the world’s second largest textile exporter. Modernising machinery is the need of the hour, for boosting Make in India. Country should focus more on skill development, infrastructure and machinery as a whole.

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