A three-day Techtextil India exhibition for the technical textiles and non-woven industry was inauguration by textile commissioner Kiran Soni Gupta Mumbai today.
She said on the occasion that Technical Textile is at a promising growth stage and expected to grow at a rate of 20 per cent annually to touch 30 billion US Dollar over the next five years.”, National Textile Policy, now in its final draft, will be announced soon, she said.
Michael Siebert, Counsel General of the Federal Republic of Germany in Mumbai who was also present expressed delight over the strong German presence at Techtextil India 2015. He said German Chancellor is scheduled to meet the Indian Prime Minister early next month to discuss key aspects that can intensify Endo-German co-operation.
India has made long strides in the textiles sector with the country emerging as the second largest textile manufacturer and exporter. Having shown dexterity in both manufacturing and consumption of technical textiles, India holds tremendous potential to make an impact in the global industry in the coming decade. The exhibition which hosts more than 150 exhibitors from Austria, Belgium, China, Czech Republic, France, Germany, Italy, Switzerland, UK, USA beside India targets the entire technical textile and nonwoven industry value chain with its 10 product groups and 12 application areas of Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Oekotech, Packtech, Protech, Sporttech.