Who should bell the cat? In other words, who should
spearhead the creation of technical textiles consortium? Texas Tech University will soon be initiating a dialogue with all stake holders and interested
parties in India. This will be a beginning at least!
Predictions are that the recession will last for two more years.
However economy will show some signs of recovery in early 2010. Although this
gives a good sense of hope, world economy will not be the same as it was in
early 2000s. The United States, which will be still the leader of the
industrialized world will have budget deficit over the next decade totaling well
over 9 trillion dollars. The US budget deficit per year will be around 4-5% of
its GDP. This situation will devalue the US dollar. If the dollar weakens, its
exchange rate with Indian rupee will be affected resulting in serious negative
impact for the Indian export industry. This particular economic aspect warrants
India to think seriously towards non-commodity and value-added sectors, i.e.,
technical textiles sector. Time is right for the Indian textiles industry to
tango on the technical textiles platform. Spring is here now with longer
sunshine days and the Indian textile industry should jump on the spring board
and look for new growth opportunities. Surely, non wovens and technical
textiles sectors should be taken seriously. Time is also right for a unified
voice to represent the nascent technical textiles industry.
The information expressed are personal views of the
author. Here 'I' refers to him.
The article was originally published in Textile
Review, April 2009
About the Author
The author
is associated with Nonwovens & Advanced Materials Laboratory, Texas Tech University, Lubbock, Texas, USA.