Home / Knowledge / News / Textiles / SMEs can drive growth of technical textiles - Technopak
SMEs can drive growth of technical textiles - Technopak
03
Apr '10
According to industry experts, there is a vast scope for the still nascent technical textiles to achieve substantial growth from the small and medium enterprises (SMEs) sector in India. Globally, technical textiles are mainly concentrated among SMEs, but the same is not applicable for India.

They are of the opinion that research and development initiatives, if taken up by SMEs will provide the impetus for further and holistic growth in the sector, along with which, a helping hand from the government, by way of incentives and subsidies could do wonders for a sector, which has high growth potential.

Fibre2fashion took the initiative and spoke exclusively to Mr Avinash Mayekar, Associate Vice-President at Technopak Advisors Private Limited. Technopak is an advisory firm, providing specialized consulting services across the entire textile value chain; fibre to retailing.

He said, “Indian Technical Textile Industry can offer a vast scope for small and medium enterprises, because technical textiles are functional textiles and they need to be converted in to finished form, where there is a major role to play for small and medium enterprises in our country, but Government should provide a boost, by giving complete tax holiday and duty exemptions”.

When asked whether, in the way, production of traditional textiles shifted from Europe and US to Asia, does he foresee the same happening in technical textiles, he observed by saying, “Of course yes, because a developing country like India needs a lot of infrastructural growth and due to huge population, geographical area and rapidly growing retail concept, the end destination for all technical textiles would be India”.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Karan Toshniwal
Orange O Tec

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

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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:
June 2017

June 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