The TECHNOTEX 2016 was inaugurated today in Mumbai at Bombay Convention &Exhibition Centre by Santosh Kumar Gangwar, union minister of textiles and Dr. Kavita Gupta, Textile Commissioner, Ministry of Textiles. The event was marked with the formation of Taiwan Pavilion jointly by Taiwan Composites Association and Taiwan Textile Federation & the Bureau of Foreign Trade.
The Taiwan pavilion displayed Taiwanâ€™s latest textiles and composites with quality products which showcased pioneering technologies. Taiwan participated in a big way this year with 19leading companies showcasing Innovative Technical Textiles, High-end Composites, Performance and Eco-friendly Fabrics, Protective and Coated fabrics, Nylon and Steel Yarns, Architectural & Geotechnical construction textiles, etc.
Taiwanâ€™s functional textiles market has invested a lot of resources in textile technology innovation. Today, they produce fabrics, which are Anti-bacteria, Water Repellent, and Moisture Transferring amongst others. The composites industry is one of the key industries in Taiwan and has been in development in Taiwan for the past sixty years and hence, the Taiwan Composite Industry possesses a unique status in the composites world. Taiwan stands fourth in the world in the Carbon Fiber capacity and 30 percent of electronic grade glass fibers are manufactured in Taiwan.
â€œThe Indian industry â€“ functional, technical and composite â€“ is growing at a great pace. Indiaâ€™s technical textile industry is expected to grow at a rate of 20 per cent annually to touch US$ 30 billion over the next five years. The Indian composite industry is pegged at US$ 2.2 billion with an expected growth of 15 per cent per annum over the next four years.The need of the hour for Indian manufacturing is quality, reliability and consistency.
Indiaâ€™s growing requirements in Meditech, Geotech, Protech and Agrotech, for industries like automotive, healthcare, infrastructure, oil and petroleum, among others, of ease of doing business and technology integration will further propel growth in technical textiles sector. Taiwan is one of the very few suppliers in the world who can fulfill the above criteria and help the industry grow exponentiallyâ€, shared Mr. Sean Tsai from Taiwan Textile Federation, who is participating in Technotex 2016.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
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