With India is making huge investments in infrastructure development in roads, railways, dams, irrigation projects, airports, seaports, and construction projects where geosynthetics can be used in enhancing design flexibility, cost effectiveness, aesthetics, functionality and long term durability of the civil, marine, environment engineering projects we undertake. Consequently the demand for geotech segment is set to grow phenomenally.
Consumption of Geotextile products is expected to grow at 12% to reach RS.300 crore by 2012-13. India uses around Rs.200 crores worth of nonwovens geotextile and Rs.75-80 crores worth of woven geotextile annually. The market for geotextiles is expected to grow in excess of 20% annually. Thus the potential for growth of Geotech is very high in India.
There is an increasing demand in infrastructure sector including roads, railways, highways, bridges, canals, dams, etc., in the current phase of speedy development in the country. With an investment of US$48,000 earmarked by India on infrastructure development up to 2009, including plans for national highways, expressways, roads, payment and railways, the demand for usage of geosynthetics is expected to grow at the rate of 10-12% a year.
Looking at the immense opportunities FICCI is organizing a conference on “Geosynthetics: Opportunities & Challenges” with the support of Office of the Textile Commissioner, Ministry of Textiles, Govt. of India. The conference is scheduled to take place on 16th July, 2009 at Mayfair Banquets, 254-C, Dr. Annie Besant Road, Worli, Mumbai. Ms. Rita Menon, Secretary, Ministry of Textiles, GOI is invited to inaugurate the conference.
While Mr Yogesh Kusumgar, Chairman, Kusumgar Corporates, will deliver the key-note address, Mr. A.B.Joshi, Textile Commissioner, Office of the Textile Commissioner, GOI, will deliver the Special Address. The Knowledge Partner for the Conference is Bombay Textile Research Association (BTRA), and the Academic Resource Partner is Veermata Jijabai Technological Institute (VJTI).
During the conference various technical and market related aspects of the Geosynthetic Textile industry would be presented by experts from leading infrastructure developing companies in the country as well as the leading geotextiles manufacturers. The conference is being held at the most opportune moment as the country is witnessing speedy growth in the infrastructure sector and 35% of infrastructure consists of geo tech products.
Federation of Indian Chambers of Commerce and Industry
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