These SEZs provide duty free imports and domestic
procurement for 100% exports. Several tax incentives are provided for entities
that are setting up their operations in SEZs. The details on SEZs can be
obtained from the Ministry of Commerce, Government of India. In addition, to
the incentive schemes provided by the Central Government for the technical
textile industry, some state governments have their own attractive schemes. The
State of Gujarat provides 10% investment subsidy for technical textile projects.
Most recently, the Government of the State of Tamilnadu has come up with its
new industrial policy aimed at promoting the manufacturing sector.
Some Noteworthy Points Concerned with Indian Technical
Textile Industry
•
National Mission on Technical Textiles with a budget of US$ 170 million for five years
•
India is fairly self reliant in raw materials for nonwovens
-
India has the largest polyester
manufacturer (Reliance Industries Limited)
-
India will become the second largest
producer of cotton in 2008.
-
Lenzing Group
and Modi Group of India will collaborate in building a viscose
plant with a capacity
of 80,000
tonnes per annum.
• R & D
Infrastructure
o
According to the
sources from the Office of the Textile Commissioner of India, Government will invest in 20 centers of excellence in research on nonwoven and
technical textiles in the next five years. Four centers will be approved by the end of March 31st 2008 that will focus on GEOTECH, MEDTECH, PROTECH and
AGROTECH.
•
Awareness Programmes
o
Government will
spend at least 10 million Indian rupees per annum for next five years for
creating awareness among entrepreneurs for growing the industry.
• Technology
Information and Forecasting Assessment Council (TIFAC)
An autonomous body under the Department of Science and Technology, India will be investing around 18 million Indian rupees for setting up of a
centre for excellence in technical textiles as a private-public partnership in
DKTE College of Engineering in Ichalkaranji in the State of Maharashtra. This program is unique in that it will have contributions from institute and industrial partners worth
36 million Indian rupees to undertake mission linked projects to promote nonwoven and technical textile industry. TIFAC has already established a centre in Kumaraguru
College of Technology in South India whose focus is to strengthen the research
and development in textile machinery and allied sectors. The total budget cost
has been 37.6 million Indian rupees.
Conclusions
Indias technical textile industry will be worth 12-15 billion dollars by
2012, which will be 10% of the global value. As recent as January 16th
2008, the Government of India is planning on measures to grow the economy in FY2008
and beyond by boosting the weaker sectors such as manufacturing and
agriculture. Apart from the National Mission to promote technical textiles,
positive schemes such as Technology Upgradation Fund and reduction in the basic
customs duty on imported nonwoven and technical textile machinery to 5% are
worthy of mentioning. Indian Government unlike the Governments of developed and
industrialized nations promotes the growth of the textile sector as it is the
bread winner for the middle and lower middle income people who constitute the
major chunk of the electorate. Both politics and economy dictate the need for
such support schemes and promotion. We predict that the period between 2010 and
2030 will be crucial for the technical textile sector in India and will provide ample opportunities for both international and domestic players with
a growth rate of 15% per annum. India is shining and is certainly a technical
textile playing field to be in for the next three decades.
Sources
1. Ministry of Textiles, Government of India
2. World Bank Statistics
About the Author:
Seshadri Ramkumar
Nonwoven and Advanced Materials Laboratory
Texas Tech University, Lubbock, USA
E-mail: s.ramkumar@ttu.edu
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