Coimbatore : To create awareness on the potential for Technical Textiles, the Indian Technical Textile Association (ITTA) joined hands with the Indian Texpreneurs Federation (ITF) and the South India Mills Association (SIMA) to launch the first-ever National Investment Conclave on Technical Textiles (NICTT 2019) in Coimbatore, today. 140 textile entrepreneurs from across Tamil Nadu attended the event.
Coimbatore : To create awareness on the potential for Technical Textiles, the Indian Technical Textile Association (ITTA) joined hands with the Indian Texpreneurs Federation (ITF) and the South India Mills Association (SIMA) to launch the first-ever National Investment Conclave on Technical Textiles (NICTT 2019) in Coimbatore, today. 140 textile entrepreneurs from across Tamil Nadu attended the event.
Technical Textiles is considered the next big opportunity or known as the Sunrise sector in most parts of the world. The ability to add high value to products, to create new niche products and to cater to the demands of sophisticated consumers makes the players in this sector the future champions of the textile industry. Having said that, the growth of the Technical Textile Industry in India has been rather slow, both in terms of the manufacturing capabilities as well as the per capita domestic consumption of technical textiles, a key determinant in the future growth of the industry. NICTT has been launched to address this problem and create awareness about this sector.
NICTT 2019 was inaugurated by Raghavendra Singh, Secretary Textiles, Govt of India and A K Singh, Director General, Life Sciences, DRDO was the Guest of Honor. In his welcome address, Nataraj, Chairman highlighted the growing market opportunities in this sunrise sector and urged textile entrepreneurs to focus on making more value-added products like Technical Textiles.
"India is a country of 'Entrepreneurship' and no place is more recognized for this than Coimbatore and the neighbouring regions of Western Tamil Nadu. The goal of NICTT 2019 was to educate potential entrepreneurs on the "What" and more importantly the "What not" to be implemented in Technical Textiles," was the echoing sentiment at NICTT.
Dr. Sundararaman K S, Chairman ITTA said, "We want to see more new entrepreneurs coming into the field of Technical Textiles than just established players expanding. The Indian Supply base has to grow tenfold to make some meaningful impact in the international arena."
Prabhu Damodaran, Convenor ITF said, "Our region is dynamic and the entrepreneurs here have been at the forefront of many new approaches and business opportunities . I am confident that this program will go a long way in motivating South Indian firms to venture into Technical Textiles. Being an event with a practical approach, entrepreneurs get first hand information about the industry and its potential."
Technical Textiles is considered the next big opportunity or known as the Sunrise sector in most parts of the world. The ability to add high value to products, to create new niche products and to cater to the demands of sophisticated consumers makes the players in this sector the future champions of the textile industry. Having said that, the growth of the Technical Textile Industry in India has been rather slow, both in terms of the manufacturing capabilities as well as the per capita domestic consumption of technical textiles, a key determinant in the future growth of the industry. NICTT has been launched to address this problem and create awareness about this sector.
NICTT 2019 was inaugurated by Raghavendra Singh, Secretary Textiles, Govt of India and A K Singh, Director General, Life Sciences, DRDO was the Guest of Honor. In his welcome address, Nataraj, Chairman highlighted the growing market opportunities in this sunrise sector and urged textile entrepreneurs to focus on making more value-added products like Technical Textiles.
"India is a country of 'Entrepreneurship' and no place is more recognized for this than Coimbatore and the neighbouring regions of Western Tamil Nadu. The goal of NICTT 2019 was to educate potential entrepreneurs on the "What" and more importantly the "What not" to be implemented in Technical Textiles," was the echoing sentiment at NICTT.
Dr. Sundararaman K S, Chairman ITTA said, "We want to see more new entrepreneurs coming into the field of Technical Textiles than just established players expanding. The Indian Supply base has to grow tenfold to make some meaningful impact in the international arena."
Prabhu Damodaran, Convenor ITF said, "Our region is dynamic and the entrepreneurs here have been at the forefront of many new approaches and business opportunities . I am confident that this program will go a long way in motivating South Indian firms to venture into Technical Textiles. Being an event with a practical approach, entrepreneurs get first hand information about the industry and its potential."