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Provide impetus to medical textiles – FICCI tells Govt
Sep '09
The consumption of medical textiles is growing in India and is likely to cross Rs 2,200 Crore by 2012-13, against Rs 1,500 Crore in 2007-08 according to an estimate made by the FICCI Task Force on Technical Textiles.

The consumption of medical textiles is shooting up and the Government should provide a capital subsidy to develop this highly potential sub-sector of technical textiles, said the Chairman of the Task Force, Mr Shishir Jaipuria.

He said, the main issue was whether the country should continue importing new generation medical textiles in huge volumes or provide impetus to domestic companies to manufacture the same in India.

The Task Force has suggested that the government should provide 25 per cent capital subsidy to domestic companies involved in production of medical textiles, instead of five per cent interest subsidy under the technology up-gradation fund.
It has also advised the government to promote use of disposable bandages and other such specialised medical garments for the safety and hygiene of patients in the country.

Fibre2fashion News Desk - India

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