Coimbatore: The ‘National Investment Convention on Technical Textiles (NICTT) 2019’ was inaugurated in Coimbatore on Wednesday to attract more entrepreneurs into this growing sector.
The event has been organised for the first time in Coimbatore to create awareness on the potential for technical textiles by the Indian Technical Textiles Association (ITTA) in association with the Indian Texpreneurs Association (ITF) and South India Mills Association (SIMA).
Speaking on the event, Prabhu Damodaran, convenor of ITF said, "the ability to add high value to products, create new, niche products and cater to the demands of sophisticated consumers makes the players in this sector and also the future champions of the textile industry.
The growth of the technical textile industry in India has been rather slow, both in terms of manufacturing capabilities as well as the per capita domestic consumption of technical textiles, which is a key determinant in the future growth of the industry.”
According to him, the conclave was organised in order to address the problems and create awareness of the sector. He said, “this program will go a long way in motivating south Indian firms to venture into technical textiles. As this is an event with a practical approach, entrepreneurs can get a first hand info about the industry and its potential.”
Mr K S Sundararaman, chairman of ITTA said, “we want to see more new entrepreneurs coming into the field of technical textiles and not simply established players expanding. The Indian supply base has to grow tenfold to make some meaningful impact in the international arena.”
Raghavendra Singh, secretary, Textiles, Government of India, and AK Singh, director general, Life Sciences, DRDO, launched the event in the presence of Nataraj, chairman of SIMA. About 140 entrepreneurs from across country took part in the event....