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Related Keywords: APTMA, Pakistan textile industry, Technical textile, Yantai Chamber of Commerce

Head of Yantai Chamber of Commerce, China Du Yonggang during a visit to APTMA Punjab on Thursday said that the visit of Chinese delegation to APTMA has improved understanding of Pakistan’s textile industry among Chinese businessmen.

He expressed the hope that Chinese prospective investor will analyze the information provided by APTMA and decide undertaking investment in Punjab. Various industry projects including technical textile could be the prospective future cooperation between China and Pakistan.

Related Keywords: Ajay Shankar Committee, apparel, employment generation, finished products export, home furnishing, Technical textile, textile and garment export, textile vision document

The textile vision document prepared by the Ajay Shankar committee, proposes export of only finished products. This would involve growth rate of apparel, home furnishings, technical textiles and other finished products be grow very rapidly. As it forecast textile and garment exports worth $300 billion by 2024-25.
 

Related Keywords: ATIRA, capital subsidy, Gujarat textile industry, processing, readymade garment sectors, RRTUFS, SITP, Technical textile, Textile Commissioner, TUFS

Gujarat textile industry taking maximum benefit from the Technology Upgradation Fund Scheme (TUFS). In TUFS under 15 percent MMS, 90 percent of the application were received from Gujarat, stated Kiran Soni Gupta, IAS, Textile Commissioner at the meeting held at the Ahmedabad Textile Industries Research Association (ATIRA) between the Textile Commissioner and textile industry stakeholders on Tuesday.
 

Related Keywords: apparel sector, emerging economies, global partnership, Indian market, Indian Textile, non-woven, PHD Chamber of Commerce, range of product, supply chain, Technical textile

India’s technical textiles market that is at present projected to touch $14 billion given the scope in emerging economies, by vertically integrating supply chain, diversifying range of products towards non-woven technical textiles and forging global partnership with counterparts, can contribute to the growth of the industry. It may reach a level of $32 billion by 2023.
 
This based on the study conducted by PHD Chamber of Commerce which further states that textiles and apparel industry size would balloon to $226 billion by 2023.
 

Related Keywords: Indian warp knitting sector, Karl Mayer, Multibar Lace machine, Technical textile, Tee Pee Textiles, warp, Zenith Silk Mills

India has been developing to one of the largest and most quickly growing single markets of the Karl Mayer Group during the last few years, both in the sector of warp knitting as well as in the fields of technical textiles and warp preparation. Karl Mayer believes in this market and anticipates profitable business for the years to come and decided to launch its extra wide ML machine in India. Karl Mayer with Tee Pee Textiles, a part of Zenith Silk Mills celebrated the inauguration of its extra wide Multibar Lace machine with a working width of 210" last month in Surat.

Related Keywords: Technical textile

Technical textile has market of Rs.1.4 billion, India sees huge potential in technical textiles. At present, most of the market is in US who use 16.5 kg per capita, Europe with 12 kg per capita while India with merely 1.7 kg per capita of technical textile. By bring improving the value chain and favorable policies supporting the industry to overcome India can achieve faster growth in Technical textile according to Sashi Singh, Executive Director, Indian Technical Textile Association (ITTA) and former Joint Textile Commissioner.

Related Keywords: asian market, Bonar, Technical textile

Low & Bonar's division Bonar, a multinational group of producers and suppliers of performance technical textiles, as part of its expansion plan will be investing EUR 32 m to set up a new factory at Changzhou, in the Yangtze river delta near Shanghai, China to meeting the fast growing demand from Asian markets.

This investment will give them an opportunity to capitalise on their unique technology base both domestically and in Asia. This state-of-the-art production facility will provide a strong platform for their further growth.

Related Keywords: Ministry of textile, Technical textile, textile machinery

The share of technical textiles in all forms of textiles world over is 18.70% whereas the share of technical textiles in India is 11.43%.

The Government of India, Ministry of Textiles has taken several steps for the growth and development of technical textiles by which the share of Indian technical textiles will improve. Some of the main steps are as follows: