A confederated approach offers an opportunity for the entities to bundle up their CERs for their large trading partners or even to trade them through the newly formed India based Multi Commodity Exchange.

The Manufacturing Pyramid

Finally, there is always a question about which segment to get into. The technical textiles manufacturing structure resembles a pyramid with the raw material manufactures sitting on top to denote that it is a thinly populated segment. The middle section is represented by the component and rolled goods manufacturers, indicating a larger population of component and rolled goods manufacturers. The bottom of the pyramid represents the assemblers, where the numbers are huge.

There are different perspectives to where India should get into, but from Hydras perspective, leaving aside the raw material segment which is better left to the likes of Reliance, Du Pont, etc, the core focus should be on the conversion segment that is involved in the conversion of raw material into components and rolled goods. Development and Growth of Technical Textiles in India would depend on how well the middle segment takes shape, because it is the middle segment that requires and generates knowledge leading to product innovation and differentiators as compared to what assembly operations can offer to the Industry. If the practice of importing components to be assembled here in India is not discontinued in stages then the question of India finding a place in the Technical Textiles space would remain a wishful thinking.