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

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search