Industry And Cluster | News & Insights

Techtextil India received state support from Tamil Nadu

Published: September 18, 2021
Author: Manali bhanushali
The goal is to generate significant upward momentum for the Indian market.
Techtextil India 2021 will be one of the first major business events in India for the technical textile sector since the start of the Covid-19 pandemic, presenting a strong showcase of technical textile technologies critical to the country’s development across industries such as healthcare, agriculture, construction, infrastructure, sports, apparel, and more.
The Government of Tamil Nadu will be promoting textile policies and highlighting investment prospects at the trade fair in a bid to attract companies and investors to the state. Many raw materials used in the production of sanitary products, artificial ligaments, seat belt webbings, airbags are still heavily imported. The Techtextil India forum can help us partner with global technical textiles companies to reduce import dependency and bring investments in manufacturing and innovation.
The Indian market for technical textiles is currently growing by an annual 12% – three times faster than the global growth rate, indicating strong export opportunities. The recent budget announcement of the Government of Tamil Nadu takes into account infrastructure development for the textile sector with a focus on upcoming technical textile parks in Karur and Virudhunagar.

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