Telangana, which is developing a 1,200 acre textile park in Warangal, has invited investments in technical textiles with special incentives. It will be the official partner State for Techtextile India, an international trade fair for technical textiles and non-wovens, to be held in Mumbai from September 13 to 15. Messe Frankfurt Trade fair India will organise Techtextil India.
According to a press release, the event will have more than 175 companies from nine countries as participants. The companies are from China, France, Germany, Spain and Korea. The exhibits will be on research and development, fibre and yarn, fabrics, functional textiles and technology in the technical textile segment. Leading players in India, such as Reliance, Welspun, Garware Wall Ropes, and Archroma will also take part.
The Government of Telangana will highlight the features of its textile policy and the investment options in the State. It provides additional incentives for capital, power tariff, and land purchase for investments in technical textiles.
The exhibition will have a special business-to-business investment session for Telangana State to reach out to key industries.
Gujarat Textile Policy
Meanwhile, industry sources here pointed out that the Gujarat Textile Policy, which was introduced in 2012 ends this month. Based on the representations from the industry and review of the policy, the State has decided to extend its policy for one more year. All the schemes and incentives offered in the policy will be available for one more year. Gujarat is one of the leading producers of cotton in the country and is giving a thrust to development of the entire textile value chain in that State, said the sources here.