Published on December 22, 2014

With heavy plunging of crude prices in last three months the raw material for making fibers including polyester, nylon and acrylic has also seen huge decline in the prices. Textile sector is also witnessing a strong demand in recent times. This sector is expected to grow by more than 20 percent in next two years. With motive of increasing production and exports government will organize the fourth edition of Technotex along with FICCI.

With motive of improving the textile industry the government has already agreed for setting up of 13 textile parks which will necessitate an investment of Rs.100 crore for each park. The government is also focusing on the technical textile category. Technical textile includes tyre cords, furniture linings, bullet proof jackets, tents, fire service equipments, tents and many more.

Recently the government has approved for the application of geotextile technology for the construction and infrastructure in north east India. This region is highly prone to landslides and earthquakes. The basic technology of civil engineering has failed over hers, so to overcome highly successful geotextile technology will be applied over here. This technology makes bounty use of these fiber materials.

With setting of new plants, last week Sintex made an announcement of installing a textile plant in Pipavav, Gujarat. This plant will have the capacity to produce 600 tonnes of knits. It is expected to be operational by March 2015 and company will add one lac in every two months and will finish the project by 2017-18.