The textile market is expected to reach the target of Rs. 2 lakh cr: Chavan, Secy Textiles Committee

The textile market is expected to reach the target of Rs. 2 lakh cr: Chavan, Secy Textiles Committee

Bombay, Dec 1 (KNN) Techtextil India 2021 took place in Mumbai at the Bombay Exhibition Center after a two-year hiatus and was opened by key figures from industry and government.

Ajit Chavan, Secretary – Textiles Committee, Ministry of Textiles, Government of India was one of the guests who opened the event, according to the press release.

The aim of this textile fair was to showcase the future potential of technical textiles through a series of knowledge sessions, live product demonstrations and B2B networking opportunities.

Addressing the industry at the inauguration, Chavan said, “The policies of the Indian government are entirely geared towards the growth of technical textiles. We have a target of 2 INR Lakh Crore in the country and the Indian industry is ready to reach this market potential. As a country, we have a great reach in agrotech and medtech, while we have always been at the forefront of packtech, geotech and other high tech fields.

Commenting on the policies, he added: “The PLI program will be a major boost in the manufacturing of technical textiles and the textile parks will provide integrated links with the technical textiles value chain.

Elaborating on Germany’s participation in the fair, Chavan also said: “Techtexil India is an excellent platform to bring together technical textile stakeholders. Despite the difficulties associated with the pandemic, I am happy to see Germany participate in this important fair and I am sure that they will find good business and collaborations between Indian entrepreneurs and German industries.

Weavetech Engineers, Lenzing Fibers India Pvt Ltd, Khosla Profile Pvt Ltd, Lucky International, Meera Industries Ltd, Park Non-Woven Pvt Ltd, Sarex Chemicals, Alok Masterbatches Pvt Ltd, SICAM and Suntech Geotextile Pvt Ltd are some of the major Indian companies participants. at the 2021 show.

One of the highlights of Techtextil India was the special showcase of German technology in an exclusive German pavilion, showcasing some of the country’s top technical textile manufacturers, such as Autefa Solution Germany GmbH, DILO Systems GmbH, Emtec Electronic GmbH, Georg Sahm GmbH & Co, Karl Mayer Verwaltungsgesellschaft mbH, Merz Maschinenfabrik GmbH and Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co.

Nationally, the Nodal Investment Promotion and Facilitation Agency for the Government of Tamil Nadu – Guidance showcases its prowess in technical textiles as well as some of the state’s major industry players including Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Liester Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd.

Referring to the potential of the national technical textile industry, Amit Agarwal, President of the Indian Technical Textiles Association (ITTA) said, “We are at an inflection point where our potential for consumption, manufacturing and export is huge. The growth of technical textiles will occur as per capita income increases and therefore all areas of technical textiles application in India have equal growth potential. Personally, I predict that 10-15% of the compound year-over-year annual growth is possible in India. “

The second day is expected to host the next chapter of the Techtextil India Digital Symposium, allowing attendees to get a feel for the main growth prospects and emerging opportunities in India. Aiming to “Transform India’s technical textile landscape through innovation and investment”, the virtual platform will offer a series of sessions on foreign direct investment opportunities and policies, foreign direct investment opportunities and policies, investment in Tamil Nadu, investments and opportunities in South Carolina for the technical textiles sector, PLI and New investment opportunities, sustainable technical textiles and a sustainable global approach for textiles with antimicrobial performance.

Additionally, attendees and buyers who were unable to attend the physical show were able to virtually attend product demonstrations and engage with exhibitors through the virtual platform.

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