Techtextil India: Govt forecasts technical textile growth

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Techtextil India has been successful in holding various symposiums thathas emerged as the primary conference for highlighting the prowess of technical textile and nonwovens sector across the globe with several editions of the conference held over the past years in Frankfurt, India, Middle East and Russia.

The region’s most dedicated show for Technical textiles was opened on 13th September 2017 at the Bombay Convention and Exhibition Centre. It took off with a welcome address by Michael Jänecke, Brand Management Technical Textiles & Textile Processing. Techtextil India had a series of fringe program with numerous highlights such as special exhibitions, interactive workshops and knowledgeable seminars add extra value for your presence. Further, Techtextil 2017 launched Texprocess pavilion which is part of the Texprocess brand, the Leading International Trade Trade Fair for Processing Textile and Flexible Materials.

As the Indian government looks to strengthen its grasp on the technical textiles marketplace, government subsidies and new regional partnerships were announced at the 2017 edition of Techtextil India. A government spokesman told mediapersons at the event in Mumbai that in the last five year period the Indian textiles sector has seen 12.4 per cent compound annual growth rate (CAGR) and sees technical textiles as a ‘sunrise industry’ for India.

“Technical textile offers immense potential and has been termed as a sunrise industry in India. With sufficient investments into the technology, the industry would grow exponentially. The industry is expected to to grow at 12 per cent per annum to reach $23 billion (Rs 1,50,000 crore) from the present $18.16 billion (Rs 1,16,000 crore). India comprises 4 per cent of the global technical textiles exports,” Textile Commissioner Kavita Gupta told reporters on the sidelines of 7th edition of 3-day Techtextil India 2017. India’s textiles sector is also one of the largest contributing sectors of India’s exports contributing 14 per cent to the counttry’s total exports basket. The country’s textiles market stands at $150 billion and it is expected to touch $250 billion by 2020, the commissioner said.

The textile industry employs about 51 million people directly and 68 million people indirectly as India has overtaken Italy and Germany to emerge as the world’s second largest textile exporter, Gupta said.

Technical textile is a future as it exists in every aspect of our life but this needs better productivity, better technology and better durability. In India, technical textiles is expected to attract lot of investment opportunities. The government is also offering 15 per cent subsidy for domestic players, who want to set up machinery. In the last five years period the growth has been 12.4 per cent CAGR, Gupta said.

Demand for technical textiles is expected to stay steady during the period 2017— 2020, due to a broadening application in end—use industries, such as automotive, construction, healthcare, and sports equipment
and so on. To foster research & development in the sector the government has also set up eight Center for Excellence units, she said. Telangana government has put in ample efforts to utilise their resources and unleash the potential in the textiles sector.

On announcing a close cooperation with Messe Frankfurt, Mihir Parekh, Department of Handlooms & Textiles, Government of Telangana said, “The Telangana state is developing Kakatiya Integrated Mega Textile Park in Warangal over an area of 1,200 acres with full complement of high quality trunk infrastructure

“Through this partnership with Techtextil India and Messe Frankfurt India, we want to reach out to this niche sector and invite them to explore the immense growth opportunities that Telangana has to offer. We look forward to interacting with leading brands and partnering with them to create a roadmap for technical textiles in Telangana.”

The Techtextil India symposium, the premier forum for the technical textiles industry hosted over 175 companies from India, Austria, Belarus, China, France, Germany, Italy, Korea, Spain, Belgium and Switzerland have exhibited their brands, garment machinery, latest innovations and product launches.

Post the launch of Techtextil in India in 2007, the exhibition has managed to supersede exhibitor and visitor expectations after every edition. Offering a conducive platform to network and generate profitable business opportunities, Techtextil India has transformed into an outstanding and consistent, user-oriented trade fair. A key factor of its success is the concept. Ten product groups reflect the entire value-added chain of technical
textiles, nonwovens and innovative apparel textiles. Techtextil has defined 12 application areas from Agrotech to Sporttech, (copyright Messe Frankfurt Exhibition GmbH) to address all industry target groups on the visitor side.

Techtextil was launched in 1986 in Frankfurt am Main, Germany. Today, the Techtextil Brand consists of six shows within a 2-year cycle: Frankfurt, Mumbai, Moscow, Atlanta, Houston and Shanghai with strong dedication of expanding its horizon.