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FIEO in talks with various agencies to set up technical textile cluster in TN

Related Keywords: A Sakthivel, achieve higher growth, all common facilities, at product diversification, export of technical textiles, Federation of Indian Export Organisation, FIEO, FIEO Southern Region, immense potential, including R&D, planning to set up a technical textile cluster in Tamil Nadu, Regional Chairman, start-ups, talks with various agencies

The Federation of Indian Export Organisation (FIEO) is planning to set up a technical textile cluster in Tamil Nadu for start-ups. The technical textile cluster will have all common facilities including R&D, A Sakthivel, Regional Chairman, FIEO (Southern Region).

The organization is in talks with various agencies to set up a technical textile cluster. Although, at present very few are into export of technical textiles at present but there is immense potential for which the exporters need to look at product diversification to achieve higher growth.

AFK Sistema to expand its operations in technical textiles market

Related Keywords: AFK Sistema, big potential in domestic technical textiles market, coming years, domestic technical textiles, due to the cheaper energy resources, economic benefits, expanding operations, export of technical textiles, fabrics market, foreign markets, owned by a local billionaire Vladimir Yevtushenkov, Russian financial conglomerate

AFK Sistema, Russian financial conglomerate owned by a local billionaire Vladimir Yevtushenkov, seeing big potential in the domestic technical textiles market is considering expanding its operations in the domestic technical textiles and fabrics market in the coming years, said Mikhail Shamolin, President of AFK Sistema.

Planned volume of investments that could be allocated by Sistema in the Russian technical textiles market is not disclosed at the moment, however, according to some analysts, they may be in the range of US$ 150-200 million at the initial stage.

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