Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

India’s textile industry to grow to $350 billion by 2030: ITAMMA

  

In a seminar titled ‘Roadmap for Manufacturing Machines and Components for Technical Textiles,’ BhaveshPael, President, ITAMMA, projected the Indian textile industry will grow to $350 billion by 2030 with exports reaching $100 billion.

Titled, ‘Roadmap for Manufacturing Machines and Components for Technical Textiles - with B2B Interactions,’ the seminar was organised by ITAMMA as a part of the “ITAMMA Technology Cell” initiative during ‘Texfair 2024,’ held from June 21-24 in Coimbatore. . According to Patel, India’s fiber production grew to 2.15 million tons in 2022-23 with yarn production reaching 5,185 million kg, driven largely by a demand for natural fiber. He emphasisedon the importance of exhibitions like Texfair as platforms for connecting supply and user industries to address future business needs.

The seminar featured a presentation by SudarsanRajagopalan, a textile engineer with extensive experience in medical textiles. His presentation focused on the immense potential of technical textiles, urging participants to look beyond traditional classifications and embrace high-value, high-volume opportunities. He stressed on the importance of understanding the needs of customers from different industries and forming strategic joint ventures and international associations.

Rajagopalan highlighted the necessity of proper testing, quality benchmarking, compliance with standards, and patenting innovations. He emphasisedon the need for a new talent pool to communicate effectively with end-users and suggested creating special-purpose vehicles (SPVs) and leveraging the National Technical Textile Mission (NTTM) scheme to develop local machines and tools for technical textiles.

The seminar concluded with a call to address the environmental impact of synthetic textiles and the need for efficient disposal processes. ITAMMA announced the formation of a ‘Member-Group for Technical Textile Projects,’ inviting industry experts to provide guidance, consultancy, and turnkey project handling for members exploring opportunities in technical textiles.

Attended by over 240 exhibitors and over 60,000 visitors, the 14th edition of SIMA Texfair 2024 generatedaround Rs. 1000 crores in business. ITAMMA, closely associated with SIMA, executed its services from stall D 112-A and interacted with over 75 exhibitors, inviting them to join ITAMMA.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo