Indian Technical Textiles Association, SIMA and Indian Texprenuers Federation are partnering to hold ‘National Investors Conclave on Technical Textiles’ in Coimbatore on April 24, 2019. The conclave will give the necessary inputs to plan for value addition or diversification. Eminent speakers from abroad, leading consultants, experts from DRDO, centers of excellence and TRAs and technical textile machinery manufacturers will make presentations and interact with the delegates during the event.
Technical textiles have been identified as the thrust area for exponential growth considering its potential for value addition, exports, domestic demand etc. India launched a technology mission on technical textiles in August 2011 and created eight centers of excellence across the country, out of which two are in Coimbatore. Tamil Nadu, Andhra Pradesh, Telangana and Karnataka have offered special incentives for investments in technical textiles.
The technical textile industry in India is growing at a CAGR of 20 per cent. The diverse range of technical textiles in India can be broadly grouped into categories such as agrotech, meditech, packtech, clothtech, indutech, hometech, geotech, Oekotech, protech, sportstech, buildtech and mobitech. All these sectors are expected to see double digit growth. Demand for this sector is rising due to many factors including rapid urbanisation, advances in medical technology, expansion in construction sectors, awareness on safety and environmentalism and increased spending on healthcare.