Home / Knowledge / News / Textiles / Technical textiles market to touch $20 bn by 2015
Technical textiles market to touch $20 bn by 2015
24
Apr '10
As per a study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in March 2010, market for technical textiles is likely to witness improvement at an average annual rate of 14 percent, and it will reach up to $19.76 billion by the year 2014 -15.

The Minister of the state for textiles Mr. Panabaaka Lakshmi stated in the Rajya Sabha that her ministry conducted a baseline survey through ICRA Management Consultancy Services Ltd (IMaCS). This survey contains details on various aspects of technical textiles, which can be accessed on the website, she informed.

The government of India recognized the potential of technical textiles in India and also predicted the scope of development in this sector; therefore it has taken a number of steps to grow and develop the sector, as well as to facilitate investments in it, said Ms. Lakshmi.

Major machineries required for the technical textiles can now be imported at 5 percent concessional custom duty. The Technology Up-gradation Fund Scheme (TUFS) covering major technical textile machinery offers 10 percent capital subsidy on specific technical textile machinery as well as 5 percent interest reimbursement.

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Liz Manning

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search