Home / Knowledge / News / Textiles / Study recommends steps to boost technical textiles sector
Study recommends steps to boost technical textiles sector
08
Apr '09
The Government had commissioned a survey cum study by a management consultancy in order to give an impetus to the fledgling technical textiles sector in the country. The consultancy has recommended adding eight more focus areas to provide a boost to the sector.

ICRA Management Consulting Services (IMaCS) has suggested including areas like packaging, building and construction areas in the policy document. The current size of these eight sectors is Rs 330 billion and is projected to touch Rs 570 billion by 2012-13.

The Indian government and the Textiles Ministry in particular has already identified four major thrust areas within the ambit of technical textiles like Geo-tech, Agro-tech, Medi-tech and Pro-tech for providing immediate attention and growth.

According to experts from the industry, technical textiles is presently on a growth curve and if provided the right impetus has the capability to grow from the current Rs 370 billion to Rs 620 billion in the next 3-4 years at a rate of 11 percent per annum.

IMaCS has conducted a study of 3,000 companies from this burgeoning sector and has commented by saying that, despite having a competitive edge over US and the EU, it lags behind China by 10 percent and by 5 percent with other Asian countries in cost competitiveness.

Among other reasons put forth for the slow development of this sector in India is lack of demand, cost competitiveness and availability of skilled manpower, along with negligible technology support and an absence of regulations promoting usage of technical textiles products.

The report also suggest reduction in duties and taxes on Agro-tech products, which are used in agriculture on the lines adopted for farm inputs like seeds, tractors and fertilizers and also recommends formation of an association amongst stake holders of the industry.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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