To meet their growing demand, Taiwanese composite and technical textile companies are exploring partnership opportunities with Indian firms across various industries.
Over the next five years, India's technical textile industry is expected to grow at a rate of 20 per cent annually to touch $30 billion. The composite industry is also pegged at $2.2 billion with an expected growth of 15 per cent per annum over the next four years.
The Bureau of Foreign Trade (BOFT) and Taiwan Textile Federation (TTF) are forming the Taiwan Pavilion for the fourth time jointly with Taiwan Composites Association (TCA) participating in ‘Technotex 2016,’ organised by the Ministry of Textiles and an industry body in Mumbai soon.
At the event, nineteen leading Taiwanese companies producing high-end composites, innovative technical textiles, raw materials, accessories and non-woven machinery will exhibit their products. The multiple industries and sectors Taiwan is focusing on include automotive, defence, police, fire departments, sports gear and apparel, rainwear, outdoor tents and canopies and protective and safety products among others.
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