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Technical textiles sector has tremendous potential: Fadvis

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  22 April 2016 12:00 AM GMT

Mumbai, April 21:The technical textiles sector in the country has tremendous growth potential for generating employment opportunities and is consistently being looked upon for the future growth of the country, Maharashtra Chief Minister Devendra Fadvis said here on Thursday.

He was speaking at the iuguration ceremony of the fifth edition of India’s premier exhibition “TECHNOTEX-2016” on the theme “Technical Textiles: Towards Future”.

The three-day event, showcasing exhibitions, semirs and conference and being held at the Bombay Exhibition Centre in Goregaon from April 21-23, is jointly organised by the ministry of textiles and the Federation of Indian Chambers of Commerce and Industry (FICCI).

Fadvis, along with state Textiles Minister Santosh Kumar Gangwar, released “i A-TUFS” software and guidelines, “Textiles Compendium 2014-15”, standards, “Knowledge Report and Technotex 2016 Exhibition Directory,” at the ceremony.

A gateway to the technical textile are, the event bridges the gap between the buyer and seller by facilitating B2B (business to business) and G2B (government to business) meetings.

Addressing the gathering, Fadvis said: “While the government has taken up concrete initiatives in the are, the industry players also need to bring in large-scale innovations.”

“Maharashtra as a state had and will always actively participate in the initiatives taken up by the government for the further acceleration of the technical textiles in the country,” the chief minister added.

Sharing his vision on the future of technical textiles in India, Gangwar said: “The technical textile sector is still at its scent stage but it has been recognised as the fastest growing segment of the textile sector by the government of India and industry stakeholders alike.”

The working group on technical textiles for 12th Five Year Plan (FYP) has projected the market size to Rs 1.58 lakh crore for the year 2016-17, with a growth rate of 20 per cent during the 12th FYP. (IANS)

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