Home / Knowledge / News / Textiles / Gujarat set to become hub of technical textiles

Gujarat set to become hub of technical textiles

14
Sep '09
With the Union Textile Ministry and also the Government of Gujarat, evincing interest in the development of technical textiles, this lucrative but yet not fully explored sub-sector is set to receive a boost in Gujarat.

Currently, revenues from the technical textiles sector in the country totals to Rs 260 billion, which is projected to shoot up to Rs 520 billion in the next 3-4 years, and both the Central as well as the Gujarat Govt have announced subsidies for the same.

In the Industrial Policy-2009, Gujarat Govt had announced a 6 percent interest subsidy on plant and machinery for technical textile, along with which, the Central Government is also giving 10 percent credit-linked subsidy and 5 percent interest subsidy.

While speaking to Fibre2fashion, Mr Chandan Chatterjee Director, iNDEXTb said, “Almost 10 to 15 technical textile units are on starting stage and companies like Ginni Filaments Ltd. have already started their operations”.

“Center for Excellence in Technical Textiles is likely to be set up in Surat very soon for which details are been worked out by the Government of Gujarat in collaboration with South Gujarat Chamber of Commerce and Industries (SGCCI)”, he said.

These units will manufacture medical textiles, parachute textile, geo-textiles, laminated fabrics, fabric material for bullet proof jackets and for applications in agriculture, automobile and packaging.

According to Mr Chatterjee, the total investments in this sub-sector are expected to touch Rs 12 billion in Gujarat alone.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Valiantsin Korznikau | Dreamstime.com

Textiles | On 30th Nov 2021

US real GDP rises at annual rate of 2.1% in Q3 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Pic: Stuart Key | Dreamstime.com

Apparel/Garments | On 30th Nov 2021

Turkey’s apparel exports rise 23.39% in Jan-Oct ’21

Apparel exports from Turkey increased by 25.72 per cent year-on-year...

Pic: Komgrit Pradissagul | Dreamstime.com

Textiles | On 30th Nov 2021

Italian firms see Turkey as alternative to Chinese supply chains

Turkey-Italy trade will exceed $20 billion this year and the two...

Interviews View All

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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


November 2021

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


Advanced Search