Home / Knowledge / News / Textiles / 'Investments in MMF can boost Make in India programme'
'Investments in MMF can boost Make in India programme'
29
Oct '15
FICCI and management consulting firm Wazir Advisors have said that investment in man-made fibre based industry is an attractive proposition for the Make in India programme. The call came at FICCI's 7th annual conference on textile and apparel industry 'TAG 2015' on the theme 'Beyond cotton: Developing Excellence in MMF based textiles' in Mumbai.

Manoj Patodia, Member, FICCI, in his welcome speech outlined that the share of polyester fibre in Textile and Apparel industry has gradually increased in the recent years from 34 per cent in 2000 to 38 per cent in 2014. This pattern is expected to remain in growth phase as an alternate to cotton.

“FICCI has already sent its representation to Government of India for promoting consumption of man-made fibers to reduce the huge gap between man-made fibres and cotton,” Patodia said

Wazir Advisors Joint Managing Director, Prashant Agarwal said, “The investment in man-made fiber based textile value chain will help in successfully implementing 'Make In India' initiative for textile sector This will help in reducing the dependability on MMF based fabric imports worth $1.2 billion and make India a self-sufficient country in MMF-based textiles."

Kavita Gupta, Textile Commissioner, Ministry of Textiles stressed on the need of R&D in the textile and apparel industry, which needs to be addressed collectively and in time-bound manner.

"The government is also focusing on skill development and the industry should come forward to work hand in hand with government on this area," Gupta said.

She also informed the conference that the government will open textile commissioner's office in each state, which will help industry to interact with the ministry on regular basis.

R D Udeshi, President (Polyester Chain), Reliance Industries Ltd in his special address said that the growth of manmade textiles is playing an important role in the textile industry. He said, since Govt of India is aiming to grow the size of Indian Textile & Apparel industry from $110 billion to $400 billion, the input for such size from MMF will also multiply and hence required immediate attention on its development as cotton only may not be able to fulfill that demand. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search