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

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

C Dhandayuthapani

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

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

Karan Arora
Karan Arora

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 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
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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