REF: MR/CIR/2019/1818 November 18, 2019
To Members of the Council
Sub: Invitation to attend Seminar on Technical Textiles and latest trends in MMF textiles
Manmade fibres textiles account for about 60% of the world textiles trade and about 75% of global fibre consumption is of Manmade fibres. Manmade fibres share both in global fibre consumption and world trade has been growing than ever before.
Technical Textiles is one of the emerging segments of textile industry that has received significant attention across the world. Technical or engineered textiles are defined as products that are used for functional purposes. These textiles have applications in multiple areas of economic activity, such as aerospace, shipping, sports, agriculture, defence, health care, etc. More that 90% of fibres used in technical textiles is of MMF. As per available data, the global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. The technical textiles market has grown exponentially in the last few years, and this trend is expected to continue.
The Manmade Fibre textile industry occupies a pre-eminent position not only in India but across the world, due to versatility of their qualities and growing popularities being the most affordable clothing. Global end use demand for textile fibres is forecast to expand by an average of 2.8% per annum between 2015 and 2025, from 90.1 mn tons to 119.2 mn tons and global end use demand for man-made fibres is expected to increase by 3.7% in 2025.
Taking into account the growing scope and opportunity of both MMF textiles and Technical Textiles sector, this Council is organising a Seminar on 3rd December 2019 at its Head Office in Mumbai (as per the details given below). To make the Seminar knowledge enriching and more useful for the Member – exporters (in the segment) this Council has invited a MMF and Technical Textiles expert Mr. Hendrik van Delden, from Germany who is associated with Gherzi Consultants to enlighten on latest trends in these important segments during the seminar. The schedule of the seminar is as under.
Date: 3rd December 2019 (Tuesday)
Venue: SRTEPC, Resham Bhavan, 1st Floor, 78 Veer Nariman Road, Mumbai – 20
Time: 11.00 am to 1.00 pm.
Members of the Council are requested to participate in the seminar and take benefits of the same. Participation is Free. To confirm participation it is requested to fill the Online Confirmation Form on or before 28th November, 2019.
Encl: Confirmation Form