V. ARUN ROY (left), Secretary, Industry, Investment Promotions and Sales Department, Tamil Nadu, looks at the products displayed in Tamil Nadu – Taiwan Technical Textile Partnership Summit, organized together by the Indian Indian Confederation and Tirupur exporters’ Association, | Photo Credit: Periasamy M
Technical textile is a potential sector that can see significant investments in Tamil over the Taiwanese companies, said V. ARUN ROY, secretary, industry, investment promotion and business departments Tamil Nadu.
At the Partnership Summit for Tamil Nadu partnership – Taiwan Technical Technical Technical, organized in Coimbatore on Monday by the Indian Indian Confederation, Tiruppur Exporters Association and Tamil Nadu’s Government, he said Tamil had a large investment from Taiwanese companies in electronic and shoes. Since 2021, the Tamil Nadu and Tai -Wan’s companies have signed a 21 mous to the state for investment of $ 1.4 billion.
Technical textiles can be another potential sector. PM PM Mitra in Virudhunagar will have a reserved area for technical fabrics in addition to technical fabric equipment. Indian and Tai -Wan companies should look at investing in the park.
Exports of clothing from Tiruppur and Coimbatore districts increased by 20 % in 2024-2025 to touch 45,000 CRORES and record 12 % growth in the first quarter of the current fiscal. Exports are expected to increase by 15%this year. “However, the future of the textile industry lies outside the cotton sector. We should take advantage of the opportunities in technical textiles and IMF. It offers more opportunities to add value,” he said.
Maheshwari Ravikumar said that the director of the handloom, Tamil Nadu, said that the government Tamil Nad was in the process of issuing an order to offer a capital subsidy for the processing sector; It will present courses in technical textiles in polytechnic and industrial training and studied recommendations submitted in the Wazir Advisors report to support the production of sportswear and Atleisure in the State.
On Monday, among Indian companies and Taiwanese companies, more than 55 individual business negotiations took place in Coimbatore in Coimbatore in Coimbatore.
Published – July 21st 2025 22:26
