Technotex 2023 UPSC Relevance
Technotex 2023: Technical Textile is very important development that is used in various industries and help in their growth. Technotex 2023 is an event to promote use of technical textile in India. Technotex 2023 is important for UPSC Exam 2023 and UPSC Mains Exam (GS Paper 3- Various industries and other aspects of Economic Development).
Technotex 2023 in News
- India’s premier show on Technical Textiles – ‘Technotex 2023’ will be held in Mumbai from 22nd to 24th February 2023.
What is Technotex 2023?
- About: Technotex 2023 is the largest event of technical textile industry in India.
- It is focused on providing its attendees access and networking opportunities to meet top CEOs, manufacturers, industry peers, purchase managers and suppliers from India and around the globe.
- Organizing Body: The Technotex 2023 event is being organized by the Ministry of Textiles, Government of India in collaboration with Federation of Indian Chambers of Commerce Industry, under National Technical Textiles Mission (NTTM).
- Focus Areas: Technotex 2023 will focus on discussions to empower Startup Ventures, promote knowledge exchange on best practices and develop capacities of entrepreneurial ecosystem for startups.
- Participation: Technotex 2023 is expected to see-
- Participation of more than 15,000 business visitors and
- A huge interaction with user industries within the Government of India as well as abroad, including all diplomats and CEOs and so on, at the decadal edition of the event.
Significance of Technotex 2023
- Technotex 2023 is being organised at the most opportune time when India has assumed G-20 Presidency.
- The G-20 Presidency offers an exceptional opportunity for India to contribute to the global agenda on insistent matters of global importance
- Technotex 2023 offers a good opportunity for Startup Entrepreneurs who represent the fastest-growing category worldwide.
Government Initiatives to Promote Technical Textile
- Government has taken many initiatives to promote technical textiles such as-
- Creation of PLI scheme,
- HSN Codes,
- National Technical Textiles Mission.
- The end-usage of Technical Textiles products covers a wide array of industries, thereby presenting plethora of opportunities as a high value sector in India.
What is Technical Textile?
- Technical textiles are textiles materials and products manufactured primarily for technical performance and functional properties rather than aesthetic characteristics.
- Technical Textiles products are divided into 12 broad categories (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Mobiltech, Meditech, Protech, Sportstech, Oekotech, Packtech) depending upon their application areas.
Technical Textiles in India
- India shares nearly 6% of world market size of 250 Billion USD.
- However, the annual average growth of the segment is 12%, as compared to 4% world average growth.
- Penetration level of technical textiles is low in India at 5-10%, against 30-70% in advanced countries
Technical Textiles Applications
- Technical Textiles are futuristic segment of textiles, which are used for various applications ranging from
- agriculture,
- roads,
- railway tracks,
- sportswear,
- health
- bullet proof jacket,
- fire proof jackets,
- high altitude combat gear and
- space applications
Technical Textiles Benefits
- It will help in the promotion of manufacturing and exports activities in India.
- The use of technical textiles in agriculture, aquaculture, dairy, poultry, etc. will bring an overall improvement in cost economy, water and soil conservation, better agricultural productivity and higher income to farmers per acre of land holding.
- The use of geo-textiles in highways, railways and ports will result in robust infrastructure, reduced maintenance cost and higher life cycle of the infrastructure assets.
Technotex 2023 FAQs
- What is Technotex 2023?
Ans. Technotex 2023 is focused on providing its attendees access and networking opportunities to meet top CEOs, manufacturers, industry peers, purchase managers and suppliers from India and around the globe.
- Who is organizing Technotex 2023?
Ans. Technotex 2023 is being organized by the Ministry of Textiles, Government of India in collaboration with Federation of Indian Chambers of Commerce Industry, under National Technical Textiles Mission (NTTM).
- What is India Global Share in Technical Textile Market?
Ans. India shares nearly 6% of world market size of 250 Billion USD.
Technical Textiles in India