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Gujarat hikes technical textile outlay

Technical textiles have grown over the past five years in Gujarat. Investments have jumped multifold during the period. In 2014, there were only 17 technical textile units with an investment of Rs 156 crores. Now there are 181 units and the total investment in the segment is pegged at Rs 1,775 crores. A specific credit-linked interest subsidy scheme to set up technical textile units has encouraged entrepreneurs. Some of them were already having traditional textile units in the state. The maximum investment of around Rs 475 crores came during the financial year 2017. In that year, as many as 51 new units were set up across Gujarat, especially in Ahmedabad and Surat – considered as major textile hubs in the country.

Technical textiles are significant for the growth of the entire textile industry as they are value added products manufactured primarily for technical performance and multi-functional properties with less intent on aesthetics and design. This sector is considered as a sunrise sector and it provides new opportunities to the Indian industry to have a long term sustainable future. Demand for this sector is rising due to many factors including rapid urbanisation, advances in medical technology, expansion in construction sectors, awareness on safety and environmentalism and increased spending on healthcare.