India CSR Network
No Result
View All Result
  • Login
  • Register
SUBSCRIBE
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Register
No Result
View All Result
India CSR Network
No Result
View All Result
Home Corporate Governance

TN Govt signs up for Techtextil India 2021 to push technical textile investments

Pegged at USD 19 billion, the Indian market for technical textiles is growing at a CAGR of 12%*, three times faster than the global growth rate indicating strong export opportunities.

by India CSR Network
6 months ago
in Corporate Governance
TN Government signs up for Techtextil India 2021 to push technical textile investments into the State

Photo Source: Mobility India

ADVERTISEMENT

In a bid to strengthen indigenous production through the state and attract investors, the nodal agency for investment promotion and facilitation for the Government of Tamil Nadu – Guidance has signed up for Techtextil India 2021 – the leading International Trade Fair for Technical Textiles and Nonwovens. The TN Government will be promoting technical textile policies through both physical and virtual segments of the hybrid fair, enabling investors to set up integrated facilities. Leading technical textile players from Tamil Nadu and across the nation confirm participation for the three-day business event.

As one of the first major business events in India for the technical textile sector since the pandemic, Techtextil India 2021 will reunite the industry to present a strong showcase of technical textile technologies crucial for the development of India across industries such as healthcare, agriculture, construction, infrastructure, sports, apparel etc. The first hybrid edition will take place from 25 – 27 November 2021 at the Bombay Exhibition Centre in Mumbai.

Announcing a close co-operation with Messe Frankfurt India for the 2021 edition, the Government of Tamil Nadu further shared that it will be promoting textile policies and highlighting investment prospects at the trade fair in a bid to attract companies and investors to the state. Ms Pooja Kulkarni IAS MD & CEO, Guidance Tamil Nadu said: “While there are several inherent advantages for the growth of technical textiles in Tamil Nadu specifically, many raw materials used in the production of sanitary products, artificial ligaments, seat belt webbings, airbags are still heavily imported. In this context, the Techtextil India Forum can help us reduce import dependency and bring investments in R&D, manufacturing, innovation by partnering with global technical textiles companies.

ADVERTISEMENT

Technical textile players from Tamil Nadu such as Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Liester Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd have also confirmed their participation for this key business event. Highlighting the state’s expertise in technical textiles, Ms Kulkarni added: “The strengths of TN are in agro-tech, build-tech, indu-tech and media-tech. With the largest automobile and auto-component cluster in India, Tamil Nadu’s automobile ecosystem is well poised to attract high value high technology Mobiltech investment. Similarly, with 50% of India’s textile mills in Tamil Nadu and complementary clusters of knitting, weaving and medical devices manufacturing in Coimbatore, and Tiruppur, the region provide immense opportunities for Meditech investments.

Further, two petrochemical and refinery units – One in Cuddalore and another in Nagapattinam by CPCL is in the process of being established in Tamil Nadu. These units will enable the availability of MMF raw materials for the textile industry across the state. Hence, manufacturing in Tamil Nadu can be a win-win arrangement for investors as India provides access to the burgeoning market as well.”

Commenting on the developments on the Indian edition of the trade fair, Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd, shared: “We are glad to join hands with Guidance Tamil Nadu and strongly believe that the support of a State Partner can have a significant influence on the development of the technical textile sector in terms of manufacturing collaborations and localisation in India. With the 2021 edition, we hope to generate strong upward momentum for the Indian market.”

Pegged at USD 19 billion, the Indian market for technical textiles is growing at a CAGR of 12%*, three times faster than the global growth rate indicating strong export opportunities. The recent budget announcement of the Government of Tamil Nadu takes into account infrastructure development for the textile sector with a greater focus on upcoming technical textile parks in Karur and Virudhunagar. The two centres for excellence for Meditech and Indutech at the South India Textile Research Association (SITRA) and PSG College of Technology respectively, provide a fillip to spur R&D and innovation in TN.

Covering the most demanding application areas, the trade fair is known to attract buyers from the fields of agriculture, automotive, building, clothing and protective clothing, environmental protection, geo-technology, housing and home, medical science, packaging and sports among others. Besides leading players from the state of Tamil Nadu, technical textile companies across the country such as Park Non Woven Pvt Ltd, Weavetech Engineers, A.T.E. Enterprises Pvt Ltd, Sarex Chemicals, Suntech Geotextile Pvt Ltd, Khosla Profile Pvt Ltd have also confirmed their participation for 2021 edition and will be seen showcasing their latest solutions in key application areas.

The three-day business event will also include a series of digital symposiums to present a global outlook on the technical textile trends, current industry debate on sustainability and digitalisation as well as opportunities for the Indian technical textile players in the global arena.

CSRBooks.com CSRBooks.com CSRBooks.com

(India CSR)

Source: India CSR I 24 November 2021
Tags: Messe Frankfurt Asia Holdings LtdTamil NaduTechtextil India 2021TN Government
ShareTweetPin

India CSR Network

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe it.

Related Posts

IAS Pooja Singhal Jharkhand Mining Secretary
Corporate Governance

Who are behind IAS Pooja Singhal making her so powerful

May 10, 2022
IAS Pooja Singhal Jharkhand Mining Secretary
Corporate Governance

Who is Jharkhand Mining Secretary Pooja Singhal being probed by ED in money laundering case

May 9, 2022
2 Chartered Accountants arrested for Rs. 176 Cr input tax credit (ITC) fraud
Corporate Governance

ED arrests Jharkhand IAS officer Pooja Singhal’s CA after raid

May 8, 2022
India’s Top Court says No foreign funds for NGOs if purpose not declared
Corporate Governance

SC rejects Jet staff plea against sale of Bandra premises; Rs 360 Cr. proceeds to go to HDFC

May 7, 2022
CSR spends grew 3.62% to Rs 22,000 Cr in FY21
Corporate Governance

Growing Capitalism: The 100 unicorns of India valued at USD 332.7 billion.

May 7, 2022
Image: India CSR
Corporate Governance

India CSR and CIMP present essay writing competition on Corporate Governance for students

May 5, 2022
F2C Wellness directors held for input tax credit fraud of Rs 10 cr
Corporate Governance

PMC Bank fraud case: Bombay HC grants bail to Vivo Group’s auditor

April 29, 2022
Corporate Governance

Gautam Adani edges past WarrenBuffet to become 5th richest billionaire

April 25, 2022
Feuding brother exposes Rohtas Goel’s Rs 3,000 cr scam, casts shadow on Omaxe
Corporate Governance

Feuding brother exposes Rohtas Goel’s Rs 3,000 cr scam, casts shadow on Omaxe

April 25, 2022

Popular Stories

  • What is liberalization?

    0 shares
    Share 0 Tweet 0
  • 7 Reasons Why Smartphone Can Make Your Life Easier

    0 shares
    Share 0 Tweet 0
  • QNET CSR Arm Supports Electrification Project to light up the lives of 470 villagers in Meghalaya

    0 shares
    Share 0 Tweet 0
  • MCA amends Schedule III of Companies Act on disclosure norms in financial statements and Details of Corporate Social Responsibility (CSR)

    0 shares
    Share 0 Tweet 0
  • Key features of India’s National Education Policy 2020

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
India CSR Network

  • Home
  • About Us
  • Team
  • Partnership
  • Contact
  • Terms of Use
  • Subscribe

No Result
View All Result
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Sign Up
  • Cart

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In