The state of Gujarat is expected to receive around Rs 20 billion (USD 400 mn) in fresh investments in the burgeoning technical textiles sector, said a top official of the Ministry of Industry in the Gujarat government.
“This amount is expected to be invested in the technical textiles industry as well as the converting industry (Those who convert technical textile goods into final products)”, said Dr Chandan Chatterjee, Director – Industrial Extension Bureau (iNDEXTb).
There are more than 1,000 technical textile units functioning in Gujarat. They are mostly woven-fabric based units. However now, the Gujarat government plans to focus on development of the nonwovens sector.
To make this a reality, Gujarat will launch a first-of-its-kind state-level initiative called – ‘Mission Technical Textiles’, which will help in research and development activities for new product development and also help entrepreneurs source raw materials.
As part of the initiative, Gujarat will allocate Rs three billion (USD 60 mn) for the promotion of the sector of which, the government will make provision for Rs 500 million (USD 10 mn) in the first year, Rs 1 billion (USD 20 mn) in the second year and Rs 1.5 billion (USD 30 mn) in the third year.