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Related Keywords: Emerging Global manufacturing hub for Technical Textiles, make India a manufacturing hub, next year in April, take place at Mumbai, Technical Textiles, TECHNOTEX, the sixth International Exhibition and Conference on Technical Textiles, theme Advantage India, under Make in India initiative

Technotex-2017, the sixth International Exhibition and Conference on Technical Textiles to take place at Mumbai in April coming new year 2017 with the theme 'Advantage India: Emerging Global manufacturing hub for Technical Textiles'.

The main objectives of the three day conference is to make India a manufacturing hub in technical Textiles under the 'Make in India' initiative and project latest developments in the sector, industry sources said.

Related Keywords: done well compared to other sectors on export front, Indian textile industry, lower than the target set, poor market conditions, recessionary trends in Europe and the US markets Government for textile and clothing, subdued trend in exports, TECHNOTEX, textile exports remained flat at USD 40 million, Union Minister Santosh Gangwar

The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here.

The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2014-15, textile exports stood at $41.4 billion.

Related Keywords: a sunrise sector, called textile indusry barons, invest in technical textile business, Santosh Gangwar, SGDTP, Technical textile sector, TECHNOTEX, Union ministry of textiles

The Union Ministry of Textiles, Santosh Kumar Gangwar at the inauguration of 4th edition of Technotex, organized jointly by Ministry of Textile, Federation of India Chambers of Commerce and Induatry (Ficci), said that the textile industry is the second largest sector after agriculture to create employment opportunities in the country. He called upon textile industry barons to invest in the technical textile business, by calling it a sunrise sector.

Related Keywords: conference on technical textile, FICCI, government to offfer incentives, identified land at Yadgir, industries ready to move out of Bengaluru, Ministry of textile, revise textile policy, TECHNOTEX, training people in textile sector, upcoming textile park

K Ratnaprabha, additional chief secretary, government of Karnataka speaking at the road show for Technotex 2015, an annual conference on technical textiles organized by the ministry of textiles and FICCI, here on Tuesday, said that the government wants industries to move away from the congested Bengaluru region. The government was ready to offer incentives to industries willing to move out of Bengaluru.

Related Keywords: CAGR, FICCI, Kiran Soni, Santosh Kumar Gangwar, Technical textile, TECHNOTEX, Union Minister for Textiles

India sees huge potential for the technical textile sector as sector is expected to grow at 20 percent per annum during the next two years, said Union Minister for Textiles Santosh Kumar Gangwar.

Government recognizing the importance of technical textiles in the national economy as well as the potential for increasing production and exports in the sector will be organizing the fourth edition of TECHNOTEX. FICCI in collaboration with the Ministry of Textile, will be holding the event in Mumbai next year from 9 to 11 April.