Indian technical textiles market is the fifth largest in the world, sized at $22.5 billion in 2021-22. Growth in this sector has gained significant momentum in the past five years, growing at 9-10% per annum. Technical textiles include textiles meant for specific purposes like medical, defense, industrial, and agriculture, among others.
Ministry of Textiles informed that “The event is in collaboration with Federation of Indian Chambers of Commerce Industry for the purpose of promotion of technical textiles, which includes textiles meant for some specific purpose like Medical, Defence, Industrial, Agriculture, Automotive, Building, Packaging textiles, etc. Union Minister of Textiles, Commerce, and Industry, Consumer Affairs, Food, and Public Distribution, Piyush Goyal will address the event,”
The ministry further added that “Technotex 2023 aligns with the government’s concerted efforts in direction of making India a leading manufacturing hub in the area of technical textiles. The event will hold discussions on some of the strategic areas such as investment potential and opportunities; start-up ecosystem in technical textiles and start-ups leveraging technologies in smart textiles; user perspective (defense and security institutions); potential of technical textiles in PM Gati Shakti; potential for protected and sustainable Agro-produce; domestic capabilities and capacities in the field of meditech; and standards, quality, regulatory and trade aspects of technical textiles,”
This three-day program will also see a CEOs’ roundtable where business leaders from around the world will share insights, spotlight opportunities, and lay out the future course for the rapidly growing segments of technical textiles. A knowledge report and BIS standards are also set to be released during this event.
Technotex 2023 will comprise B2B (international, Domestic, and Institutional), Exhibition, Conference and Seminars, CEO’s Forum, Reverse Buyer Seller Meet (RBSM), High-Level Roundtables, Investor Discussions, Country and State Sessions.
The event will see participation from dignitaries from various countries and state governments. Maharashtra is the host state for the event. Karnataka, Tamil Nadu, West Bengal, and Madhya Pradesh are partner states.
