Ministry of Textiles and FICCI are organise the 10th edition of Technotex
Ministry of Textiles is going to organise India’s forthcoming premier show on Technical Textiles,‘Technotex 2023: Envisioning Indian Technical Textiles@ 2047’, to be held from February 22 – 24, 2023 at Bombay Exhibition Centre, Goregaon, Mumbai.
Ministry of Textiles, Government of India is organising this flagship event in collaboration with Federation of Indian Chambers of Commerce Industry for the purpose of promotion of technical textiles, which includes textiles meant for some specific purpose like Medical, Defence, Industrial, Agriculture, Automotive, Building, Packaging textiles etc.
The event was attended by dignitaries from various countries and state governments. The event was hosted by Maharashtra, with Karnataka, Tamil Nadu, West Bengal, and Madhya Pradesh serving as partner states. Furthermore, the event featured 150+ Technical Textiles exhibitors and 250+ buyers from 30+ countries, including Taiwan, Germany, Switzerland, Guinea (South Africa), South Korea, Russia, and Luxembourg.
The event brought together global and national industry leaders, CEOs, senior industry representatives, Ministries and Departments of the Central and State Governments, user industries, and experts to discuss the future of the Indian Technical Textiles industry.
Darshana Jardosh, Union Minister of State for Textiles, presided over the event. The Union Minister for Technical Textiles also launched an e-book titled ‘Technical Textiles Ecosystem in India: Market Overview, Inherent Linkages, and Growth Opportunities’ at the event.
She also mentioned the National Technical Textiles Mission (NTTM). The mission’s focus, she said, is to develop the use of technical textiles in various flagship missions and programmes of the country, including strategic sectors, with a budget of Rs 1,480 crore.
She informed the assembled audience that the Ministry of Textiles had recently notified Guidelines for Indigenous Development of Machineries and Equipment in Technical Textiles in order to meet the diverse needs of the textile industry and to make our nation Aatma Nirbhar.
Technotex 2023 will help to demonstrate the enormous potential for trade and investment between India and foreign countries in the Technical Textile sector. With India now holding the G-20 presidency, the event would be an excellent opportunity to strengthen our international ties in the global technical textiles industry.
The Indian Technical Textiles market is currently the fifth largest in the world, with a projected value of $ 22.5 billion in 2021-22. Technical textiles have grown significantly in India over the last five years, growing at a rate of 9-10% per year.
The high demand for Technical Textiles products in various application areas, combined with the current global market dynamics, paints a rosy picture of this emerging industry in India. As a result, the time has come for the industry to realise its enormous potential.