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Technical Textiles – What India need to do now - page 15 / 15

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Texsummit 2007

SASMIRA

Concluding remarks

Getting success in Technical Textiles is a complex phenomenon. It needs to address various issues related to materials, machines, processes, technology and marketing. Developed countries and neighbouring developing countries, including China, have successfully ventured into technical textiles.

Barring a few frontline areas, India has no dearth in terms of technology and the same is manifested by success in indigenising critical and strategic textile materials stated earlier in the paper. What is important is to encourage entrepreneurship into technical textiles and recognising such ventures as knowledge based industry.

As venturing into technical textiles demands both development of products and new markets, there is a high risk factor, for the initial period of 5 to 8 years for the investors. Therefore, a transparent and effective policy matters should be formulated to encourage new entrepreneurships in this business.

Technology Upgradation Fund Scheme (TUFS) of Government of India provides an important opportunity for the willing entrepreneurs to venture into this emerging area of textile industry. Various machinery and equipment required for manufacture of technical textiles have been included in this scheme. Now, since the union government has realized the importance of this field, it is expected that new sops in the next five-year plan may yield expected results.

SASMIRA would continue to make persistent efforts to promote this expanding field of technical textiles for the betterment of the Indian textile industry.

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