Technical textiles is a potential area for investments in T.N. by Taiwan companies: official

Technical textiles is a potential sector that can see significant investments in Tamil Nadu by Taiwan companies, said V. Arun Roy, Secretary, Industries, Investment Promotion and Commerce Department, Tamil Nadu.

Speaking at the Tamil Nadu – Taiwan Technical Textiles Partnership Summit, organised in Coimbatore on Monday by the Confederation of Indian Industry, Tiruppur Exporters Association, and the Tamil Nadu government, he said Tamil Nadu has a large investment from Taiwan companies in electronics and footwear sectors. Since 2021, the Tamil Nadu government and Taiwan companies have signed 21 MoUs for $ 1.4 billion investment in the State.

Technical textiles can be the next potential sector. The PM MITRA Park at Virudhunagar will have dedicated area for technical textiles apart from plug and play facilities for technical textiles. Indian and Taiwan companies should look at investing in the park.

Garment exports from Tiruppur and Coimbatore districts grew 20% in 2024-2025 to touch ₹45,000 crores and registered 12 % growth in the first quarter of the current fiscal. The exports are expected to increase 15% this year. However, “future of the textile industry lies beyond the cotton sector. We should tap opportunities in technical textiles and MMF. It offers more opportunities in value addition,” he said.

Director of Handlooms, Tamil Nadu, Maheshwari Ravikumar said the Tamil Nadu government was in the process of issuing an order to offer capital subsidy for the processing sector; will introduce courses in technical textiles in polytechnics and industrial training institutes, and was studying the recommendations submitted in a report by Wazir Advisors to promote sportswear and athleisure production in the State.

Over 55 one-to-one business meetings were held in Coimbatore on Monday between Indian companies and Taiwan companies as a part of the Summit.