Winnie Wu of TTF with Rudrappa Lamani, minister for textile from commerce & industries department, Karnataka and Kavita Gupta, textile commissioner of India at the inauguration of Technotex 2017.
Taiwan Textile Federation (TTF) and the Bureau of Foreign Trade (BOFT) have formed the Taiwan Pavilion jointly with Taiwan Export Promotion Project (TEPP) at the ongoing Technotex 2017. Indian buyers are being introduced to the new 'Smart Technology Textile' opening doors to meet Taiwanese suppliers of functional and eco textiles to source from them.
Exploring bigger business opportunities with India, 8 Taiwanese companies producing high-end innovative technical, functional, performance and industrial textiles and accessories are showcasing their products along with others.
"Technotex 2017 will reinforce our presence in India's dynamic technical textile sector. The Indian technical textile industry has witnessed a significant growth of 16 per cent from 2001-10, and is expected to grow at the rate of 20 per cent to touch $30 billion over the next five years from around $23.6 billion currently. Taiwan is one of the very few countries who can fulfill India's requirements as Taiwan's textile sector is the leader in technology innovations and manufacturers in the world, with a strong research & development segment. We are confident that collaborations between Taiwan and Indian companies will lead to increasingly better trade relations,” said Judy Yang, vice-president, TTF.
"India is a very dynamic market with a lot of potential and scope for Taiwanese companies to expand their export market. Taiwanese technical and functional textile companies are keen to penetrate their products in India with the growing demand and consumption of technical textiles. The multiple industries and sectors Taiwan is focusing on are sports goods and apparel, rainwear, outdoor tents and canopies, automotive, defense, police, fire departments, protective and safety products, non-woven disposables, luggage & footwear, etc," added Yang.
At Technotex 2017, Taiwanese technical textile suppliers also saw Taiwan presenting latest in technical, functional and eco-friendly textiles with quality products displaying pioneering technologies.
The three-day Technotex fair currently being held in Mumbai has been inaugurated by Union textiles minister Smriti Irani. The conference aims to help the government and industry to take adequate measures to achieve this goal and attract international and domestic investments in this sector. It also focuses on helping to increase the consumption and production of technical textiles. (KD)
Fibre2Fashion News Desk – India