Technotex 2016 launched in Mumbai
Aadhira Anandh | The Dollar Business
On Thursday, the Ministry of Textiles & Federation of Indian Chambers of Commerce and Industry (FICCI), unveiled the first day of its TECHNOTEX 5th edition in Mumbai. Under the theme ‘Technical Textiles: Towards future’, this three-day event will take place between 21st and 23rd, April 2016, at NESCO compound, in Goregaon.
The event was inaugurated by Shri Devendra Fadnavis, Chief Minister of Maharashtra and Shri Santhosh Kumar Gangwar, Minister of State for Textiles. Few other prominent figures present in the event were Dr. Kavita Gupta – Textile Commissioner, Ministry of Textiles, and FICCI Technical Textile Task force and Ginni filament, Shri Shishir Jaipura. It was a moment to behold for FICCI as there were many dignitaries from the technical textile industry and enthusiast visitors across the globe.
The guest of honour released the i A-TUFS software and guidelines, Knowledge Report, Textile Compendium FY2015, and Technotex 2016 Exhibition Directory. And commenting on Technical Textiles’ future, Gangwar said, “This platform is a facilitator for technology transfer, joint ventures, linkages and to exchange innovate ideas and exhibit what’s happening around the world.”
The exhibition has attracted over 150 exhibitors from various technical textile industry across the country and international participants from Korea, Japan, Switzerland, Germany, Luxembourg, U.S.A, Belgium, France, Spain, Russia, U.K, Taiwan, China and more. The states of Tamil Nadu, Andhra Pradesh, Maharashtra, Bihar, Madhya Pradesh and Rajasthan are prominent partakers in the event—there are states like Karnataka and Gujarat who are participating in the event as a team. Other interesting participants in the event include stakeholders in the technical textile sector and major institutional buyers from navy, army, railways, paramilitary forces, hospitals, border roads organizations, construction companies and more.
The Indian technical textile sector is at its initial stage, however, government and industry stakeholders consider the sector as one of the fastest growing segments in the textile sector. Concurring to the anticipation, the 12th Five Year Plan has estimated the market to grow to $28.82 billion (1.58 lakh crore) in the FY2017, which is about 20% growth rate. Gangwar added, “When the global technical textile industry revisits India’s shores in the next edition of TECHNOTEX, which will be held from 4th to 6th, May 2017, I am confident that Indian Technical Textile sector will be one of the most promising sectors in the World.”
No doubt, the sector looks promising and its growth rate is likely to be above average in the FY2017. And along with it, industries such as agriculture, steel manufacturing, national security, construction, food security and more will improve as they depend on the technical textile sector to boost their productivity.
