Home / Knowledge / News / Textiles / TUFS to spur investments in technical textiles - Dr. J.N. Singh
TUFS to spur investments in technical textiles - Dr. J.N. Singh
11
Oct '08
Speaking at the Seminar on 'Agro textiles : Emerging Opportunities” organized by Office of the Textile Commissioner, SASMIRA in association with FICCI in the city today, Dr. J.N. Singh, Joint Secretary, Ministry of Textiles, Govt. Of India, said “The Textile Up gradation Fund Scheme is a great boon to the technical textile sector as it offers about 25-30% by way of subsidies like upfront 10% capital subsidy for new projects involving new machinery in technical textiles in addition to normal capital subsidy and additional 5% subsidy on the loans. This, by itself, should be good enough reason for investors to increase investments in this sector”.

Referring to the concept of establishing Technical Parks, he said that there was an overwhelming demand from the entrepreneurs in the textile sector, to set up Textile Parks exclusively for Technical Textiles in Maharashtra and Gujarat. Dr. Singh informed that the government was looking at the proposal and expressed the hope that such a move would help generate investments to the extent of Rs.500 – 600 crores in Agro textiles.

In order to build R&D infrastructure and knowledge base, SASMIRA, SITRA, BITRA, and NITRA have been designated as Centre of Excellence for promotion of Agrotech, Meditech, Geotech, and Protech respectively. Dr. Singh said that Rs.11 Crores earmarked for each centre for this purpose was inadequate, when compared to the amounts being allocated for R&D in European countries.

Shri A.B. Joshi, Textile Commissioner, Office of the Textile Commissioner, Govt. of India, announced that the government has selected ICRA, a Management Consultant, to carry out a survey and come out with a comprehensive data base on all segments and aspects of Technical Textiles which would be made available by the month end.

He made a fervent plea to the industry to take advantage of the excellent state-of-the-art facilities offered by the Centre of Excellence for technical textiles set up in the country.

Apprehending that the next World War would probably be on account of water, a commodity without which survival of vegetation and life would be difficult, Shri Maganlal H.Doshi, President, SASMIRA, expressed his strong belief that Agro textiles with super absorbent Polymers could create a new era of agriculture.

Mr. Doshi further assured that SASMIRA, which had been designated as Centre of Excellence by the Ministry of Textiles, Government of India with Man-Made Textile Research Association, Surat, Navsari Agricultural University, Navsari and Indian Institute of Technology, New Delhi, would endeavour to become a world class leading service driven, research based international technical textile association fully equipped to serve the technical textile industry in general and agriculture in particular.

He further said that a state-of-the art infrastructure of testing and certification, demonstration and training, and information centre would be set up to support the entrepreneur's needs.

Shri U.K. Gangopadhyay, Director, SASMIRA and Dr. Vaijayanti Pandit, Director, FICCI-WRC saw a huge potential for the consumption of agro textiles in India, China, Brazil which are growing at a CAGR of over 7%. The market size of the sector has grown from Rs.261 crore in 2001-'02 to Rs.464.70 crore in 2007-08, they pointed out.

Federation of Indian Chambers of Commerce and Industry

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search