A national conclave on technical textiles will be held in Mumbai, Maharashtra on January 29, 2019. The conclave will be presided over by Union Textiles Minister Smriti Irani.
Additionally, the release of HSN codes for items under the sector will also take place. “Grateful to PM @narendramodi ji & @sureshpprabhu ji for fulfilling textiles industry’s long-standing demand of declaring HSN codes of Technical Textiles items under separate category. 207 items notified as technical textiles will give major boost to the sunrise sector,” Irani had said in a tweet earlier.
An Artisan Speak event will also be held at UNESCO World Heritage Site Elephanta Caves to showcase the rich handloom and textile tradition of India. Cricket icon Sachin Tendulkar will also grace the occasion, on behalf of M/s Arvind True Blue Limited.
“The WSCs will enable textile firms to directly source their requirements from handloom clusters, as per defined quality, cost and time constraints. This will also result in better price realisation and improved market understanding for weavers,” the statement said.
Notably, the sector is expected to see a double digit growth in coming years and is projected to reach a market size of Rs. 2 lakh crore by 2020-21. There are around 2,100 units manufacturing technical textiles in the country and most of them are concentrated in Gujarat followed by Maharashtra and Tamil Nadu. India has 4-5 per cent share in the global technical textiles market size across twelve segments.
Also, technical textiles constitute 12-15 per cent of the total textile value chain in India.
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