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'Spinning new strategy on technical textiles a must' – Dr Ramkumar
09 Jul '09
10 min read
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“Technical textiles are basically value-added textile materials which are used to enhance the life style of people such as hygiene products, medical/hospital garments, environmental textile materials such as filters, infrastructural textiles such as buildtech and geotextiles, etc. These products will become necessary items as the demography and the life style of the developing nations change. The unique feature of this technical textiles is that they have abundant opportunities in both domestic and export markets.
“More importantly, burgeoning opportunities in the domestic market for these materials is indeed a boom for the Indian textile industry as the industry will not be subjected to the vagaries of export business such as currency fluctuation, foreign government policy changes such as protectionism, etc.
“Globally, even developed nations where the conventional textile industry is a sunset industry, because of the end-use applications and the ever growing need for value-added textile products, technical textiles industry is said to be growing around 4-5%. This growth is astonishing when seen in the light of the fact that, USA and Europe are predicted to have a negative GDP growth of 2.5-4.5% in the forthcoming quarters in 2009. This means even in the recession, technical textiles sector is expected to grow at a minimum of 3-4 times faster than the growth of GDP.
“Shifting the focus to the Eastern Hemisphere, GDP is expected to grow around 6-7% in India and 8% in China. In this scenario, it is logical to expect near double-digit growth for the Indian technical textiles sector in new future. Looking at the growth in population, even though China's population is ahead of India by 200 million, as of today, the rate of population growth will be higher in India which is well suited for the growth of the technical textiles industry. Due to the population growth, the need and the consumption of baby care products such as diapers and wipes will be on the rise.
“The growth in the salary levels in developing nations is a positive factor towards the growth of technical textiles. It is expected that the middle class population in India will grow and reach half a billion by 2030. The growing middle class population is an important customer for the technical textiles sector. The recent 6th pay commission implemented by the Government of India has raised the pay scale for Government employees and has provided necessary impetus for consumers to start spending.
“Prompted by this, industries have played their role by creating enticing marketing schemes to boost the consumption of disposable and durable goods where technical textiles are also used. For example, the Indian automobile sector is enticing salaried employees by giving attractive schemes to purchase new vehicles such as car. With the increase in consumption and the usage of such products, it will automatically lead to the growth of the technical textiles sector in India.
“More importantly, burgeoning opportunities in the domestic market for these materials is indeed a boom for the Indian textile industry as the industry will not be subjected to the vagaries of export business such as currency fluctuation, foreign government policy changes such as protectionism, etc.
“Globally, even developed nations where the conventional textile industry is a sunset industry, because of the end-use applications and the ever growing need for value-added textile products, technical textiles industry is said to be growing around 4-5%. This growth is astonishing when seen in the light of the fact that, USA and Europe are predicted to have a negative GDP growth of 2.5-4.5% in the forthcoming quarters in 2009. This means even in the recession, technical textiles sector is expected to grow at a minimum of 3-4 times faster than the growth of GDP.
“Shifting the focus to the Eastern Hemisphere, GDP is expected to grow around 6-7% in India and 8% in China. In this scenario, it is logical to expect near double-digit growth for the Indian technical textiles sector in new future. Looking at the growth in population, even though China's population is ahead of India by 200 million, as of today, the rate of population growth will be higher in India which is well suited for the growth of the technical textiles industry. Due to the population growth, the need and the consumption of baby care products such as diapers and wipes will be on the rise.
“The growth in the salary levels in developing nations is a positive factor towards the growth of technical textiles. It is expected that the middle class population in India will grow and reach half a billion by 2030. The growing middle class population is an important customer for the technical textiles sector. The recent 6th pay commission implemented by the Government of India has raised the pay scale for Government employees and has provided necessary impetus for consumers to start spending.
“Prompted by this, industries have played their role by creating enticing marketing schemes to boost the consumption of disposable and durable goods where technical textiles are also used. For example, the Indian automobile sector is enticing salaried employees by giving attractive schemes to purchase new vehicles such as car. With the increase in consumption and the usage of such products, it will automatically lead to the growth of the technical textiles sector in India.
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