Home / Knowledge / News / Textiles / Second edition of Techtextil India'09 attracts global attention

Second edition of Techtextil India'09 attracts global attention

30
Sep '09
The second edition of Techtextil India - International Trade Fair for Technical Textiles and Nonwovens to be held from October 10 – 12, 2009, at the Bombay Exhibition Centre, Mumbai, is already attracting a great deal of global attention.

Visitor registrations for the event are at an all - time high, with more than a month left to go. Despite the downturn in the global textile industry, technical textiles are proving to be an increasingly strong inspirational force for the industry. They are constantly expanding their market share and are ushering in a new era of functions and applications. India itself is at the threshold of technical textile development, which is set to play a huge role in the development of the country's various facilities, thus offering the greatest growth potential in this sector. Technical textiles represent a multi-disciplinary field with numerous applications in diversified fields such as medicine, aerospace, sports, defence, agriculture and construction.

“The technical textile industry in India has a high potential to attract investments worth $1.03 billion and generate around 3 lakh additional employment by 2012. Since India has highly skilled manpower and abundant availability of raw material, it can emerge as a key player in the technical textiles industry”, says Mr. Dayanidhi Maran, Union Textiles Minister. “According to analysts, the real world growth in the end-use consumption of technical textiles lies in Asia and the fastest growth prospects lie in new markets like India”, says Ms. Shammi Nagpal,Managing Director, Messe Frankfurt India. “In India, a huge demand for technical textiles is building up due to various application areas and the various sectors it affects. The unique feature of the industry, are the abundant opportunities in both domestic and international markets. It is the most lucrative area for investment in the country.

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”. Owing to the rise in demand for value–added textile products in the developed nations, the technical textile industry is predicted to grow around 4 - 5 percent. According to recent research by the Indian Textiles Committee, the technical textile industry in India is expected to grow at a rate of 11% annually and reach a size of around $14 billion by 2012. The current size of this market is little less than $8 billion and the projected investments in this sector is around $1000 million. Thus, despite the current economic situation, many international companies and associations have signed up for Techtextil India as exhibitors.

National pavilions from Germany supported by The Federal Ministry of Economics and Technology in cooperation with the Association of German Trade Fair Industry (AUMA), from Italy supported by the Italian government agency I.C.E, and fromFrance, supported by UBI France, will once more optimize the event to sell their technologies and products. Famed Turkish manufacturer Kordsa Global,is exploring the vast opportunities presented by the


Must ReadView All

Vietnamese side of the border crossing with Hekou, China. Pic:  Klodien | Dreamstime.com

Textiles | On 27th Nov 2021

Efforts on to boost trade between Chinese & Vietnamese provinces

Trade agencies of Lao Cai province in the northwest region of Vietnam ...

Pic: Shaja | Dreamstime.com

Textiles | On 27th Nov 2021

US’ imports of polyester textured yarn to drop in coming months

The US’ imports of polyester textured yarn of HS code 540233 are...

Pic: Tatiyana Akimova | Dreamstime.com

Textiles | On 27th Nov 2021

Sri Lanka’s textile & garment exports on path to cross $5bn this year

After registering a steep fall of 21 per cent year-on-year to $4.423...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

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

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

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

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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 ...

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