Hyosung announced on July 2 that it participated in the Textiles India 2017 at the request of India’s Ministry of Textiles. The Textiles India is an international textile tradeshow held in India for the first time this year, hosted by India’s Ministry of Textiles. Hyosung decided to join the event at the request of Rashmi Verma, vice minister of India’s Ministry of Textiles who visited South Korea in May.
The Textiles India 2017 took place at Mahatma Mandir Convention Center in Gandhinagar of Gujarat Province, India, for three days from June 30 to July 2.
Hyosung had the largest booth for a single company at the event. It showcased a full lineup of its products such as spandex, nylon and polyester threads, automotive and commercial carpets, carbon fiber and aramid.
After Prime Minister Narendra Modi took office in 2014, India has been promoting its overall industries, including textile, through “Modinomix.” Prime Minister Modi gave the opening address at the Textiles India 2017.
Hyosung opened its office in New Delhi in 2007 and turned it into a regional subsidiary in 2011. The group had a turnover of US$300 million (343.05 billion won) in various industries, such as textile, raw material and heavy industry, as of last year.