Technical textiles The lure of $30 bn
There is a burgeoning market for technical textiles in India and the industry should rise to the occasion to tap its potential, finds an exclusive ITJ Report.
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Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
The focus during the budget session was predominantly on infrastructure, affordable housing, agriculture, rural development, employment, speedy accountability, prudent fiscal management and transparency in taxation, says Amit Gugnani.
There are about 160 sizing units, consisting of 250 sizing machines, which include conventional to modern machines and 1.2 lakh powerlooms in Ichalkaranji, explains Prof (Dr) PV Kadole and Prof (Dr) UJ Patil. Ichalkaranji is a city in Kolhapur district in the state of Maharashtra. This city, popularly known as ‘Manchester of Maharashtra’, is one of the prominent centres of decentralised textile sector in India.
Today the need of hour for powerlooms is proper marketing of products in order to gain profit and flourish business activity. Maharashtra is having the highest number of powerlooms among other states. Some of the major clusters of powerloom in the state are Bhiwandi, Ichalkaranji, Solapur, Malegaon etc.
Ujjwal Uke, Principal Secretary (Textiles), Government of Maharashtra, tells The ITJ how big a potential exists for plenty of new textile projects in Maharashtra.
Ujjwal Uke, Principal Secretary (Textiles), Government of Maharashtra, tells The ITJ how big a potential exists for plenty of new textile projects in Maharashtra.