Home / Knowledge / News / Textiles / Analysts place big bets on 'Indian Technical Textiles' market
Analysts place big bets on 'Indian Technical Textiles' market
07
Mar '09
The financial tsunami which started in 2008 is still sending shivers; worldwide. Due to this negative situation, it would be judicious, not to expect positive signals in business before 2010. With the shrinkage in the buying power of consumers, it is difficult for the industries to grow.

As far as the technical textile industry is concerned, it is fortunate enough to have an edge over other sectors as it includes the manufacture of indispensible items used in our day-to-day life such as medical textiles, hygiene products such as diapers etc. This provides an opportunity for textile industry to opt for diversification even in the current economic scenario.

Indian technical textile industry proves to be a sunrise sector. Analysts from the Government of India sponsored study by ICRA Management Consultancy predict the growth of this sector in double digits. Opportunities exist in the fields of fabric development, and their conversion into applicable products. In this harsh economy, it is not possible to invest millions of dollars in these technologies.

However, a concerted effort towards growing the value-adding segments of the technical textiles industry can offer scope for small investors, thereby resulting in a tangible growth in technical textile sector in the next couple years.

As this sector is very vast, it needs constant input of new information. Centers of Excellence should be utilized to promote the growth of technical textiles sector. For instance, MANTRA a part of centrally funded Center for Agrotextiles can be helpful in reaching entrepreneurs and training them in processes that are at their disposal, and multiple applications such as coated textiles for defense, antimicrobial treated bed liners for hospital applications etc.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search