Textiles Min asks firms to invest in technical textiles

Textiles Ministry today asked the industry to explore investment opportunities available in technical textiles segment along with the opportunity of availing benefits offered by government to give a boost to the sector.

The technical textiles industry is engaged in production of specialised variant of the commodity used by various industries.

Emphasising the need to spread awareness about the specialised textiles, Textiles Secretary Zohra Chatterji said, "I strongly believe that private sector has a leading role in the development of technical textiles. Therefore, I think more and more firms should explore opportunities in the sector."

She was speaking at a function organised by PHD Chamber.

For development of technical textiles, the government has various schemes and programmes. "I urge you to avail benefits offered by the government which include Technology Mission on Technical Textiles, Technology Upgradation Fund Scheme and Scheme for Integrated Textile Parks," Chatterji said.

Technical textiles are engineered products which are used for various applications including medical, protective clothing, automotive, industrial and in agriculture sector.

Besides, Chatterji said, there is a need to create linkages between raw-material suppliers and manufacturers.

"I think raw-material suppliers can build linkages with manufacuturers... Also, there could be better synergies between manufacturers and different departments for giving a boost to the sector," she said.

According to reports, the technical textiles industry is expected to touch Rs 1,58,000 crore by 2016-17 from Rs 41,000 crore in 2010-11.