Lack of FTAs and RTAs in technical textiles hampers growth in India
“Each segment of the technical textile sector demands different technology, innovations, products and markets,” said Dr Anup Rakshit, ED-India, Technical Textile Association. He was speaking at the second session of the CEO Conclave held by DFU Publications in association with TAI in Hyderabad. The government recently identified 207 products as technical textiles. “We have been working closely with many state governments but still struggle with identification of the sectors under technical textiles,” Rakshit added
Research institutes and IITs to help product development
Talking about world growth in exports of technical textiles he said, “This hardly stands at four to five per cent; whereas in India, it is about 10 per cent.. There is a major gap in the availability of high performance manmade fibers in India. We exported products worth around Rs 11, 402 crore last year. Out of this, packaging textile contributed 40 per cent to the total amount; industrial textiles contributed 1,200 crore and mobile tech also registered similar growth.” Rakshit concluded his speech by reminded everyone that “there is a huge scope in the technical textile industry if research institutes and IITs help entrepreneurs to develop the product and launch maximum innovations.”
The session was concluded by Prem malik, Vice Chairman, NSL Textiles, who reiterated that there are big opportunities for India in the manmade fibre segment. “There is a need for good FTAs and RTAs on a level playing field basis,” he added
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