August 26, 2016
With a clear government strategy and investment backed by young, skilful and developing workforce, India’s growth in the technical textile industry is steady, said Sanjay Chatrath, President and CEO of Tire Corde and Polyester Yarn, SRF Limited, here in Coimbatore, today.
Inaugurating the third International Conference on Industrial Textiles – Products, Applications and Prospects, at the PSG College of Technology on Friday, Chatrath added that, with the right push from the government and the industry, India will see enormous growth in the field.
“The Central Government is partnering with various industrial bodies, and has also been revisiting the labour laws to fuel the growth. It has also planned to set up 12 centres of excellence at various colleges so that the potential here is incubated,” he said.
He further added that the research centres and laboratories for the invention of new ideas were also being set up by the Central Government to put the Indian technical textile industry in the global market.
“Despite an unstable situation in the global market, India’s textile industry is bolstered by secured raw material reserves covering the other textile fibres. This is happening because the developed countries are not posing tight competition in the field to developing countries,” he opined.
Talking about technical textile industry, he said that new innovations and adaptations, including change of material from conventional to specialty fibre and non-woven material, have largely helped the industry flourish in the country.
Later, Chatrath also inaugurated an expo of 14 stalls, exhibiting various products and applications related to industrial textiles.