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Seeing the low penetration and high growth potential, Taiwanese companies are eagerly looking at the Indian market for technical textile products. Rising labour costs in China too is forcing some of these companies to consider manufacturing in India.

A new textile policy is on the anvil and it will lay the roadmap for the sector for the next 15 years, said Union Minister of Textiles Santosh Gangwar after inaugurating the 4th edition of Technotex 2015. Organized by the Ministry of Textiles & FICCI, Technotex 2015 was held at Mumbai, the financial capital of India, between April 9-11, 2015.