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Invest in technical textile sector: Indian Textiles Ministry

22 Mar '13

2 min read

Calling on textile entrepreneurs in the country to tap the investment opportunities in the technical textiles segment, India's Textiles Ministry has urged them to use the benefits extended by the Government to develop the sector.

Recognized as engineered products, technical textiles find utility in several industries including medical, automotive, protective clothing, industrial and agricultural sectors.

India's technical textiles industry posted a turnover of Rs. 410 billion in 2010-11 and is expected to grow to a Rs. 1580 billion industry by 2016-17.

Stressing on the need to generate awareness regarding specialized textiles, Textiles Secretary Zohra Chatterji said she firmly believes that private sector plays a pivotal role in growth of technical textiles, and hence increasing number of private sector players should try to tap the opportunities in the sector.

Addressing an event organized by PHD Chamber, Ms. Chatterji said the Government has initiated several schemes and programmes for promotion of the technical textiles sector, like Technology Upgradation Fund Scheme, Technology Mission on Technical Textiles and Scheme for Integrated Textile Parks. She invited the textile sector entrepreneurs to take benefit of these schemes.

She highlighted the need for developing links between producers and raw material suppliers and added that technical textile producers could better synergize with different departments so as to uplift the sector.

Technicaltextile News Desk - India