As regards import of technical textile machinery, Jariwala said, “Considering overall benefits, about 25-30 percent of sops are being offered by the Government and concerned States that include those under Textile Upgradation Funds Scheme (TUFS), other State subsidies and tax reliefs.”
In fact, Jariwala knows better than most being considered an authority on the subject matter. He went to the extent of assuring foreign companies, specially those from the US and Europe to come to India and set up manufacturing or sell technical textiles and machinery, as it offers a very conducive business environment.
Technical textiles is in its infancy in India and this sector is witnessing a spurt of promotion, what with leading industry associations from the US like INDA and EDANA among others, wooing Indian textile companies to join the technical textiles bandwagon.
Ministry of Textiles and some of the State Governments are trying to get their acts right by providing necessary fillip to this sunrise sector instituting high level study and advisory teams to go in to the nitty-gritty of developing this sector.
Also during the Vibrant Gujarat Investor Summit 2007 held at Ahmedabad, Gujarat, India in January last, INDA President Rory Holmes made an insightful presentation on the prospects of the Nonwoven and the Technical Textiles to an enthusiastic audience comprising industrialists and entrepreneurs who showed keen interest in setting up manufacturing facilities within the State.
Fibre2fashion, News Desk - India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
