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Technical Textiles are defined as textile materials and products used primarily for their technical performance and functional properties rather than their aesthetic or decorative characteristics. Other terms used for defining technical textiles include industrial textiles, functional textiles, performance textiles, engineering textiles, invisible textiles and hi-tech textiles. Technical textiles are used individually or as a component/part of another product. Technical textiles are used individually to satisfy specific functions such as fire retardant fabric for uniforms of firemen and coated fabric to be used as awnings. As a component or part of another product, they are used to enhance the strength, performance or other functional properties of that product. Technical textiles have been slowly but steadily gaining ground due to one or more of the reasons such as: functional requirement, health & safety; cost effectiveness; durability; high strength; light weight; versatility; customization; user friendliness; eco friendliness; logistical convenience etc. Unlike conventional textiles used traditionally for clothing or furnishing, technical textiles are used basically on account of their specific physical and functional properties and mostly by other user industries. Depending on the product characteristics, functional requirements and end-use applications the highly diversified range of technical textile are grouped into 12 segments.
The Technical Textile Industry is gaining prominence with rapid industrialization and economic growth, across the globe. The future growth potential of the global market of technical textiles across different segments is projected to continuously grow in emerging markets as it is largely driven by increased level of consumption and production, availability of skilled labour force and developing infrastructure facilities.
Technical Textiles has been identified as a thrust area by the Government of India (GoI). This segment offers a huge opportunity for India to advance to next level of manufacturing, with immense potential for investment and job creation. It also promises immense potential for exports.
DRIVERS FOR GROWTH
The key reasons for anticipated high growth of technical textile market in India are:
- Recent announcement of PLI and MITRA Schemes
- Projected infrastructure investment plans (Roads, Railways, Ports, Smart Cities)
- Ease of indigenous availability of a wide range of fibre and fibre products
- Vibrant and cost competitive textile industry
- Forecast economic growth, and thus increase in levels of consumption
- Several policy initiatives of GoI, including the Technology Mission on Technical Textiles, to increase use of technical textiles and also notification of HSN Codes
- Low Cost of Research & Development in India
- Announcement in the recent budget
As we enter post COVID era, we will go back to our core, exposing the profound inequities and social and environmental abuses in the fashion supply chains. From the uneven distribution of profits, to over-produced, easily discarded fashion, to the imbalances of power that negate inclusion. On the other hand, inspiring new designers, thinkers, startups and professionals all over the world are challenging the system with solutions and alternative models.
Therefore, as part of the both organization long-term common vision and commitment to social, economic and environmental sustainability, it has been mutually decided to create and establish DIGITALMSME FUND to support the diversification of the country by advancing sustainable technologies in Technical Textiles.
- To work closely with the Ministry of Textiles to build a conducive eco-system to develop a globally competitive Indian Technical Textiles Industry.
- To contribute to the creation of a pool of youth and women capable of revolutionzing the technical textiles sector and members of the community to play an active role in delivering a sustainable future.
- To strengthen the minimum viable eco-system of fashion and textiles space aiming technical textiles that would mean to drive the innovation, sustainability and technology leading to employment generation and wealth creation.
- To accelerate global collaboration and sustainability with a specific focus on delivering action across three principles; Collaboration & Leadership, Economic Development & Sustainability, and Technology & Innovation.
- Promoting interest in Technical Textiles amid younger generation and Start-ups
- A Market Access Program initiative for the technical textiles start-ups to connect with manufacturers to promoting their products and get suppliers for various markets.
- Focus on Research and Technological Depth in Technical Textiles and Foster collaboration amongst research institutes.
- Understanding the issues and opportunities of key sub-segments of Technical Textiles in the economy.
- The program will lay emphasis on the following segment of Technical Textiles in sync with the National Technical Textiles Mission:
- Market Development
- Export Promotion
- Education, Training and Skill Development
- Research, Innovation and Development
- Expanding the horizon/mapping the scope of potential market destination for export of technical textiles.
- Fashion and Sustainability (FashionSustain)
- Fashion and Technical Textiles (FashionTechTex)
- Impact 4.0 – What’s next for Industry 4.0?
Bringing all Handloom and Handicraft Users, Micro Small Entrepreneurs’ (MSEs), Start-ups, Value Chain Stakeholders and International Experts together to focus on promoting Indian Handlooms as Exotic, Natural, Sustainable, Utilitarian, Aesthetic, Artistic, Creative, Culturally Attached, Decorative, Functional, Traditional, and Religiously and Socially symbolic and significant
- Sustainability: Low/Zero carbon footprint, long-lasting products, using natural resources responsibly without releasing harmful substances to the environment.
- Shared Prosperity: Income generation, consistent employment, skill development, empower the maker, greater social economic impact.
- Re-inventing Fair Trade: Radically changing the existing fair trade practices for greater impact by creating innovative partnerships whose impact can be measured against fair trade’s principles.
- Global Platform: Connecting rural artisans with worldwide consumer markets, moving away from mass-handmade production to meaningful and valued artisanal production (putting love back into handmade).
- Technology: It plays a major role to play in enhancing the value preposition specially in innovating new business models to support circular economy and sustainability.
- Startup Promotion in Fashion and Textile Sector.
- Transference of information to domestic industry on latest global technological practices.
- Knowledge dissemination to Industry on their concerns through latest research and development in technological solutions.
- Fashion Design Studio for Export Promotion.
- Connecting to North America, UK, Europe, African and other emerging markets.
- Creation of “Technology Transfer Office” for Textiles in Tamil Nadu.
- Connecting Start-ups with the user organizations of Handlooms & Textiles.
- Launch of Tamil Nadu WebSeries@75 promoting Handlooms & Textile during India@75.
- To make “Co-Optex” as a Global Brand.
- Launch of “DigitalMSME Accelerator” for MSMEs/ Startups in Handlooms, Handicrafts, Khadi and Technical Textiles for state of Tamil Nadu.