The Technical Textile Industry in India

Only available on StudyMode
  • Topic: Cotton, Textile industry, Textile manufacturing
  • Pages : 4 (1094 words )
  • Download(s) : 215
  • Published : September 9, 2012
Open Document
Text Preview

Technical textiles has often been referred as the sunshine sector in India and there is little doubt about the growth of technical textiles industry in the years to come. Technical textiles are functional fabrics which have applications in a very diverse range of economic activities including automobiles, civil engineering and construction, agriculture, healthcare, industrial safety, personal protection etc. There are basically 12 segments of technical textiles which are Agrotech, Meditech, Buildtech, Mobiltech, Clothtech, Oekotech, Geotech, Packtech, Hometech, Protech, Indutech, Sporttech. Technical textile is the emerging area for investment in India. The production of different items of technical textile industry has been slowly but steadily increasing in the country. The accelerated growth of the Indian economy would impact favourably on the growth of the technical textiles. With increase in disposable income, the consumption of technical textiles is expected to increase. The market size of technical textiles in India is estimated at Rs. 63, 202 crore during the year 2011-12 which has grown from Rs. 41,756 crore in the year 2007-08 with annual growth of 11% year on year basis. It is expected that the technical textile industry market size will reach Rs. 1,58,540 crore by the year 2016-17 with a growth rate of 20% year on year basis. Fully cognizant of the market potential of technical textiles in India, the Ministry of Textiles has taken a series of measure to develop the sector in India. The major government initiatives are:Scheme for Growth and Development of Technical Textiles (SGDTT) was launched during 2007-08 of XIth Five Year Plan with three components. The scheme has completed its tenure in the year 2010-11. The scheme comprised of three main components namely, baseline survey, awareness campaigns and creation of Center of excellences. • Baseline survey of technical textile industry in India was conducted to make...
tracking img