2021/March/24

Webinar on Investment Opportunities in India's North East and Textile Sector jointly organized by

Taiwan Technical Textiles Association, India Taipei Association and Invest India

Held on 24th March 2021 on a virtual platform

 

The Taiwan Plus Team with the support of Taiwan Technical Textile Association and India Taipei Association hosted a webinar on the “Investment Opportunities in India's North East and Textile Sector”.

Distinguished speakers from the state governments of Assam, Tripura, Mizoram, and Meghalaya spoke on opportunities in Bamboo, Silk, Pineapple, and Turmeric. IOCL and ITTA presented on the growing Technical Textile capability and opportunities in the sector. The Taiwan side was represented by 50 companies and associations. The highlight of the event was promotion of a 4.4Bn Bamboo economy in India with the support of Taiwan.

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Mr. Gourangalal Das, Director General, India Taipei Association:

 

Mr. Das gave an overview of the Textile and Apparels industry in India as India’s market share in textiles and apparels stood at 5% in the
year 2018-19. He stressed on the
importance of the Technical Textiles

industry in India and how it is set to
becomes a $50 Bn industry by the year
2050. He further apprised everyone
about the various schemes and policies
announced by the Government of India
for Technical Textiles, various PLI
schemes for manmade fibers. He
emphasized on the importance of
collaboration in the bamboo sector
between India and Taiwan considering
that India is the second largest producer
of bamboo in the world wherein about 50% of all bamboo resources in India are present in the North Eastern states of India.

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Mr. Alex Lo, Chairman of Taiwan Technical Textiles Association

Mr. Lo gave addressed all the attendees in Mandarin, welcoming them to the webinar.

Aju Antony, Senior Manager, Invest India:

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Mr. Aju Antony, Senior Manager
and Taiwan Plus Lead at Invest India, apprised everyone about the unique role played by Invest India in the entire investor and government interactions. He mentioned the various initiatives undertaken by the Government of India to improve the investor experience such as the introduction of various investor friendly schemes such as PLI scheme for 10 new sectors, reduction in the corporate tax rates, introduction of the one step digital land bank platform called Industrial Information System (IIS) platform that enables seamless access to land records and property registrations to enhance the Ease of Doing Business in India. He further gave a special emphasis on the untapped North Eastern States of India and the advantages they offer for investors in terms of the connectivity, infrastructure, resource abundance for their manufacturing set-ups.

Dr. Anup Rakshit, Executive Director, ITTA

Dr. Rakshit apprised the audience about the MoU that was signed between the Indian Technical Textiles Association and the Taiwan Technical Textiles Association in 2019 and how closely the two entities work together in facilitating investments between them. He gave an overview of the Technical Textiles sector in India and highlighted the three leading areas namely Packaging Textiles, Home Textiles and Industries Textile as possible areas of collaboration between Indian and Taiwan.

Mr. Sanjay Papneja, Manager, Indian Oil Corporation Limited

Mr. Papneja gave an overview of the capacity and availability of polyester in India with India being the 2nd largest polyester manufacturer of textile and apparel after China. He mentioned the various advantages India offers such as the presence of a complete polyester value chain from fiber and filament producers to garments/fabrics in India. He apprised the audience about the upcoming textile project in Bhadrak, Odisha for which he welcomed collaborations from the Taiwan side.

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Ms. Rui Ong, Global Business Consultant

Ms. Ong gave a detailed talk on India’s Bamboo sector providing interesting insights from her research as the value of bamboo in India is at USD 4.4 billion with a global market size of USD 72 billion in 2019. She emphasized on the potential of Indian Bamboo to be used in various areas such as home textiles, food items, beauty products, furniture, flooring etc. She highlighted the special dyeing ability of bamboo which is still not exploited very well. She welcomed the Indian side to collaborate with Taiwan in terms of technology and machinery transfers, providing training to students through various exchange programs as well as opening a Centre of Excellence for further R&D initiatives in the bamboo sector. She concluded with a very strong message that India should look forward to welcome companies from Taiwan to set-up manufacturing of various bamboo products and thereby play the role of a nation from where these products are exported to the rest of the world.

Mr. Max Chang, CEO, Pinacell Co. Ltd:

Mr. Chang highlighted the important features of pineapple as the fruit is easily available and easy to grow. As compared to cotton, pineapple has a low water consumption. Additionally, pineapple leaf fiber requires very low energy with no production of carbon dioxide in the process. Pulp recycling can be used to make shoes as well as be used in vegan leathers.

Taiwan has a ripe market as the current demand is very high along with pineapple being highly efficient in automatic machinery. With a high industrial concentration, Taiwan is a great partner for this sub segment.

Dr. Alka Bhargava, Additional Secretary, Ministry of Agriculture

Dr. Bhargava mentioned the importance of bamboo-based paper as well as a need for machines for the mass production of disposables. She added that Tripura got FSC certification a few years ago and is ready for harvesting. The Central Building Research Institute is working with BIS to set standards for various uses of bamboo in construction and the creation of a Centre of Excellence in NE states is the need of the hour.

India is lacking in our own production in fibers and collaborations and partnerships in fiber from bamboo needs to be explored. India Taiwan Joint Working Group meeting in Jan 2021 where there is a working plan for bamboo sector in the next couple of weeks. Dr Alka Bhargava Additional Secretary - Ministry of Agriculture has requested Invest India to lead all the conversations with regard to Bamboo and Pineapple fiber.

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The event was graced by presentations from representatives of 4 North Eastern states, all of whom gave an overview of the special products offered by their respective states along with the investment climate in their states. All states invited collaborations with the Taiwanese side in their respective product specializations:

Mr. Pabitra Khaund, Secretary to the Government of Assam, Industries and Commerce Department

Mr. Khaund introduced the economic climate of Assam, including a high literacy rate (72%), superior connectivity (6 airports) and a Gross State Domestic Product (GSDP) grew at a CAGR of 12.58 % between 2015-16 and 2020-21. He mentioned that sericulture provides employment to approximately 6 million people and highlighted that Assam is the only state where all four varieties of commercial silk are available: Mulberry, Muga, Eri and Oak Tasar are available. He summarised that Assam contributes 85% and 62% of India’s total Muga and Eri silk production respectively. Together with other NE States it produces 98% of the two silks. Furthermore, he spoke about Assam’s bamboo sector, indicating that it is one of the sectors identified for doubling farmers income in the state, and summarizing some of the key uses (cane, bamboo mats, agarbattis) and key government incentives for bamboo (including a capital investment subsidy and startup grants) under the Assam Bamboo and Cane Policy of 2019.

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Dr. Elizabeth Saipiri, Director of Horticulture, Government of Mizoram

Ms. Saipiri was represented by her colleague, who introduced the vast number of species of bamboo available in Mizoram (over 36), and spoke about the material characteristics of 3 varieties of bamboo that were identified for commercial cultivation. Additionally, she offered a detailed overview of the different traditional applications of bamboo in the state. Furthermore, she spoke about the key varieties and properties of pineapple grown in the region, and offered statistics on key growing areas as well as peak production periods.

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Mr. Maqbool Lyngdoh, Directorate of Food Processing, Government of Meghalaya

Mr Lyngdoh began with a brief introduction to Meghalaya’s demographic, geographic and economic features, including a strong labour pool and high literacy rate (75%) and wide range of agroclimactic zones and the wide variety of crops that are grown in the region (from Khasi Mandarin Oranges to ginger and turmeric root, to areca nuts and spices). He spent time elaborating on the different advantages of the 3 main varieties of turmeric in the region: Lakadong, lachien and ladaw, specifically highlighting the superior properties of Lakadong turmeric, “the finest turmeric in the world”, with exceptionally high curcumin content. In addition to the spice and food processing applications of turmeric, Mr. Lyngdoh spoke about adoption of the one district one product (ODOP) approach and the use of turmeric as a natural dyeing agent in traditional textiles industries. He introduced Mission

Lakadong, a concerted effort by the Government of Meghalaya to cultivate and market Lakadong turmeric, especially for the pharmaceutical industry.

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Mr. Maqbool Lyngdoh, Directorate of Food Processing, Government of Meghalaya

Mr Lyngdoh began with a brief introduction to Meghalaya’s demographic, geographic and economic features, including a strong labour pool and high literacy rate (75%) and wide range of agroclimactic zones and the wide variety of crops that are grown in the region (from Khasi Mandarin Oranges to ginger and turmeric root, to areca nuts and spices). He spent time elaborating on the different advantages of the 3 main varieties of turmeric in the region: Lakadong, lachien and ladaw, specifically highlighting the superior properties of Lakadong turmeric, “the finest turmeric in the world”, with exceptionally high curcumin content. In addition to the spice and food processing applications of turmeric, Mr. Lyngdoh spoke about adoption of the one district one product (ODOP) approach and the use of turmeric as a natural dyeing agent in traditional textiles industries. He introduced Mission

Lakadong, a concerted effort by the Government of Meghalaya to cultivate and market Lakadong turmeric, especially for the pharmaceutical industry.

Mr. Raval H. Kumar, Director of Industries & Commerce, Government of Tripura

Mr. Kumar offered a brief introduction to the geographic features, population and growing economy of Tripura (CAGR 9.3%). He spoke about its strategic location, specifically access to Bangladesh and South East Asia, its infrastructure including road, rail, air and sea networks, mobile and internet connectivity and availability of power. He introduced key industrial parks and regions in the state, as well as the key products of the region, including rubber, bamboo, tea and agricultural products. For the remainder of his presentation, he focused on the pineapple sector in Tripura, including levels of production (4th highest in india), varieties and properties. He elaborated on Tripura’s potential to produce pineapple leaf fibre, and spoke about its properties and uses. Additionally, he spoke about the intiaitives taken by the state to improve ease of doing business as well as to incentivize industry, including a capital investment subsidy, industrial promotion subsidy, reimbursement on power charges, reimbursement on working capital loans and more.

Mr. Raval H. Kumar, Director of Industries & Commerce, Government of Tripura

Mr. Kumar offered a brief introduction to the geographic features, population and growing economy of Tripura (CAGR 9.3%). He spoke about its strategic location, specifically access to Bangladesh and South East Asia, its infrastructure including road, rail, air and sea networks, mobile and internet connectivity and availability of power. He introduced key industrial parks and regions in the state, as well as the key products of the region, including rubber, bamboo, tea and agricultural products. For the remainder of his presentation, he focused on the pineapple sector in Tripura, including levels of production (4th highest in india), varieties and properties. He elaborated on Tripura’s potential to produce pineapple leaf fibre, and spoke about its properties and uses. Additionally, he spoke about the intiaitives taken by the state to improve ease of doing business as well as to incentivize industry, including a capital investment subsidy, industrial promotion subsidy, reimbursement on power charges, reimbursement on working capital loans and more.

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Dr. Preet Deep Singh, Assistant Vice President, Invest India

Dr. Preet gave insights on the technical aspects and properties of the Turmeric Dye present in the state of Meghalaya with special emphasis on the dyeing ability of turmeric into various colors. He further added that the textile and chemical coloring industry is a major consumer industry in Meghalaya and that it will be extremely fruitful to collaborate with Taiwan in areas of technology transfer.

 

 

Conclusion

Mr. Aju Antony gave the vote of thanks to all the speakers as well as those who attended the webinar.