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Investors meet on technical textiles in Coimbatore on April 24

Press Trust of India  |  Coimbatore 

A one-day National Investors' Conclave on Technical being held here on April 24 will provide inputs to understand the potential areas of investment in sector.

The conclave would also give necessary inputs to plan for value addition in the existing products apart from planning diversification, the Indian Association (ITTA), the organisers, said in a release

Technical has been identified as the thrust area for an exponential growth by the Centre and also by all the state governments considering its potential for value addition, exports, domestic demand, it said.

The central government offers 15 per cent credit linked capital investment subsidy for technical machines under scheme apart from providing various other benefits.

The governments in Tamil Nadu, Andhra Pradesh, Telangana and have also offered special incentives for investments made in technical textiles.

The government in its recent Integrated Textile Policy has announced 6 per cent interest subsidy for technical

The meet is being conducted jointly by Mumbai-based ITTA with SIMA and

will inaugurate the conclave, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 15:45 IST