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22nd Taipei Innovative Textile Application Show to have strong India Pavilion

FICCI in partnership with the Ministry of Commerce & Industry is organising the India Pavilion at the 22nd Taipei, Innovative Textile Application Show (TITAS), being held from October 16 to 18, 2018. The pavilion is showcasing the best of Indian textile accessories, textile related technologies and services. The India pavilion has a strong exhibitor presence with companies like Indorama industries, J Korin Spinning, Dodha Synthetics, Paras Fashions, Kireet Apparels, etc, among the exhibitors.

One of the largest employment generator, Indian textiles industry is estimated at around $120 billion and is expected to reach $230 billion by 2020. The industry contributes approximately 4 per cent to India’s GDP, and 14 per cent to overall Index of Industrial Production (IIP).

With 45 million people employed directly, the textile sector is one of the largest sources of employment generation in the country. With 3,400 textile mills having installed capacity of more than 50 million spindles and 842,000 rotors, it is the second largest sector in the world

The textiles sector is also one of the largest contributors to India’s exports with approximately 15 per cent of total exports. The industry is extremely varied, with the hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital intensive sophisticated mills sector at the other end of the spectrum.

 

 
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