Home / Knowledge / News / Textiles / Techtextil India, must-attend business event
Techtextil India, must-attend business event
11
Mar '11
The third edition of Techtextil India - International Trade Fair for Technical Textiles and Nonwovens will be held from October 10 – 12, 2011, at the Bombay Exhibition Centre, Mumbai, and all indications are that the event will supersede the highly successful editions in the past.

The first edition of Techtextil India in 2007 set astonishing records for business and it provided the first ever international platform for the technical textile industry in India. The second edition in 2009 showcased 110 exhibitors and a grand total of 6339 visitors from 79 countries, proving that this event is the single most important textile event on the subcontinent. With strong indications of economic revival in the textile industry, the third edition of Techtextil India will once again provide an excellent trading platform for both the Indian manufacturers and international visitors.

Technical textiles are the emerging area for investment in India. The Technical textiles industry in India is a value added industry which has numerous end use applications in the areas of economic activity such as construction, sports, defence, medical, aerospace and agriculture. This industry has immense potential in the developing countries.

According to analysts, the real engine of world growth in the end-use consumption of technical textiles lies in Asia and the fastest growth prospects appear to lie in markets like China, Japan, Korea, Taiwan and other developing countries. India in particular has a great potential to make an impact in this industry and can emerge as a key player in the technical textiles industry, considering its highly skilled and scientific/technical manpower and abundant availability of raw materials.

Since the Indian technical textile industry is import intensive, it provides a base for a very interesting market for export oriented manufacturers from Europe and elsewhere. The current size of the technical textiles market in India is estimated around US $9.4 billion and it is expected to grow at a rate of 11% annually. The Textile Ministry expects the technical textile industry in India to reach a size of around $16 billion by 2012-13. India is the second largest textile economy in the world after China.

To give a boost to the Indian technical textile industry, the Government of India has taken up various initiatives for augmenting growth in this sector, making it more attractive for the global markets. In January 2011, the Ministry of Textiles launched its five year technological mission on technical textiles (TMTT) and will invest US $40 million for this mission.

Techtextil India will offer international manufacturers an ideal business platform to showcase their products, all the while providing an opportunity for joint ventures. “The 3rd edition of Techtextil India will take place at the right moment: the international economy and technical textiles industries are recovering respectively, even growing their business again. India was and is getting more and more in focus regarding the potential for technical textiles.


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kerem Durdag
Biovation II LLC

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
July 2017

July 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