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corporate news<br />

Suvin selected as consultant<br />

for technical textiles growth<br />

Suvin Advisors Pvt. Ltd.<br />

has been empanelled by<br />

the Ministry of <strong>Textile</strong>s as<br />

consultant for business<br />

start-up under the Technology<br />

Mission on Technical<br />

<strong>Textile</strong>s (TMTT) with the<br />

Office of <strong>Textile</strong> Commissioner.<br />

This initiative by<br />

the Ministry is bound to<br />

boost the technical textile<br />

industry in India.<br />

Mr. Avinash Mayekar, M.D. & CEO, Suvin Advisors Pvt. Ltd<br />

Many steps have already been taken<br />

to promote the technical textile<br />

industry, including the scheme for<br />

growth and development of technical<br />

textiles (SGDTT), concessional<br />

customs duty for major technical<br />

textile machinery, technical textile<br />

machinery covered under TUFS,<br />

etc.<br />

Technical textiles is now the fastest<br />

growing segment in India, but<br />

entrepreneurs have difficulties in<br />

investing in technical textiles due to<br />

lack of knowledge about the technology,<br />

products, markets, process,<br />

and raw material requirement.<br />

To support them, the Ministry had<br />

sought applications from COE and<br />

other associations / institutes / independent<br />

bodies for empanelment of<br />

consultant for business start-up.<br />

The empanelled consultant will<br />

assist entrepreneurs in identification<br />

of product, selection of technology,<br />

machinery, raw material, etc. The<br />

consultant will also help in preparation<br />

of techno-economic feasibility<br />

project report and further guide<br />

them till project completion.<br />

Suvin Advisors is a professional<br />

engineering consultancy firm providing<br />

services like overall project<br />

and process management consultancy<br />

for sectors like technical textiles,<br />

traditional textiles, food, retail and<br />

other infrastructural facilities.<br />

Suvin has its strong presence in<br />

the technical textile industry, with<br />

its experts trained in international<br />

technical textile technology, execution<br />

of textile & industrial projects,<br />

etc., especially in developed countries.<br />

•<br />

38 | The <strong>Textile</strong> <strong>Magazine</strong> jANUARY 2012

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