Home / Knowledge / News / Textiles / International Conference on Technical Textiles on May 29
International Conference on Technical Textiles on May 29
01
May '09
The growth in the economy has been continuously supported by the efforts from the Government of India. Progressive Indian Governments have shown commitment to sustain the growth momentum by introducing regulations that will enhance the growth of industries such as Technical Textiles in India.

To aid the growth of the sector, the Ministry of Textiles has introduced new initiatives and policy amendments whenever required. The main engine of investment has been the Technology Upgradation Fund Scheme (TUFS). The increased investment will help to upgrade technology, strengthen infrastructural facilities at potential growth areas and increase the installation of additional machines.

The Ministry of Textiles has laid out a detailed 'Four Mini Missions' as a part of National Technology Mission on Technical Textiles. The Scheme plans to set up 4 Centers of Excellence (COE) for technical textiles. These are Meditech, Geotech, Agritech and Buildtech. The 11th Five year plan lays out various growth paths that will directly or indirectly enhance the growth of consumption of the Technical Textiles in India.

Technical Textiles – An Introduction:
Technical textiles are textile materials and products used for their technical performance and functional properties. Unlike conventional textiles traditionally used for clothing or furnishing, technical textiles are used basically for their specific physical and functional properties.

Technical textiles are used individually or as a component / part of another product to improve the performance and functionality of the product. Technical textiles are also referred to as industrial textiles, functional textiles, performance textiles, engineering textiles, invisible textiles and hi-tech textiles.

As per the first draft of the Baseline survey of Technical Textiles, market size of the Technical Textiles in 2007-08 stands roughly Rs. Rs 37,565 crore and is bound to witness significant growth in future. The final figures of the report are awaited.

Market Scenario – Global & India:
Currently, the consumption of Technical textiles is mainly concentrated in developed countries with the market leaders being USA, European countries and Japan. Lately, China has also increased its consumption of Technical textiles and it accounts for roughly 20% of the total textile consumption.

While the Technical textile industry in the developed world is nearing maturity; in the majority of the developing economies the industry is still at a nascent stage. India and other Asian countries along with South America and Eastern Europe are expected to experience healthy growth rate in the near future, both in terms of investments in the sector as well as consumption.

According to the ECTT (Expert Committee on Technical Textile) report, “The Indian Market of the Technical Textiles” in 2008 was roughly US$ 8.3 billion i.e. Rs 37,000 crores and is expected to reach a value of about US$ 12.4 billion i.e. Rs 55,000 Crores by 2010-11.

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

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

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search