While the size of the Indian textile industry is expected to double up from the current $52 billion to $115 billion by 2012, the schemes and projects envisaged by the ministry of textiles at the recently-concluded Tex Summit-2007 are likely to boost the production and export of manmade fabrics from the synthetic hub in Surat.

Experts said the government's mission to boost technical textiles is expected to provide direct benefit to the man-made fibre industry in Surat. The reason: polyolefin and polyester account for 50% of the consumption followed by cotton and viscose at 7%, glass and jute at 15% and 14% respectively.

The textile ministry has forecast that manmade fibre consumption in the technical textiles to grow at the compounded growth rate of 4% at 19,327 thousand tonne by 2010. Moreover, the ministry has launched four mini-missions worth Rs 700 crore for the growth of technical textiles with the objectives such as capacity building of raw material, machinery and infrastructure, standardisation and product development with international accreditation, domestic and export market development and human resources development.

With a view to create a strong growth impulse at the macro level, the ministry has proposed setting up a 'Textilpolis' which encompasses a trade facilitation centre, Indian image branding and research and development centre. The proposed textile hub would operate on two broad concepts namely exhibitions, buyer-seller interaction, and common data resource centre.

Experts said the Southern Gujarat Chamber of Commerce and Industry (SGCCI) has already embarked on the project of 'Trade Centre' which is likely to be benefited in the proposed Textilpolis.

"The schemes and projects launched by the ministry of textiles is expected to give desired benefits to the man-made fibre industry in Surat," said Arun Jariwala, chairman, Federation of Indian Art Silk Weaving Industry (FIASWI) who was one of the speakers at the recently concluded summit.

Mr Jariwala said the policy initiative for Textile Territorial Investment and Production Complex (TTIPC) taken by the ministry of commerce will go a long way in enabling the growth of the industry at 15% in the next five years. The policy would also help achieve substantial value addition at each stages of processing, developing a strong multi-fibre base and developing human resources skills through revitalising the institutional structure.

Mr. Rakesh Joshi

Joshi Enterprise

Manager, Joshi Enterprise
Dispur, India

Free Member, Joined :02/02/2007
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