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Technical textiles sector set to grow phenomenally
11 Mar '10
1 min read
The Indian technical textiles sector is all set to nearly double in size in the next 4-5 years as per a study released by the apex trade body ASSOCHAM. The main reason for this growth will be the increase in consumption by the Indian middle-class consumers.
The domestic technical textiles market is projected to grow at an average yearly rate of over 10-12 per cent in the next four to five years because of high demand, said the President of the trade body, Ms Swati Piramal.
The study reveals that the main driving forces are expected to be medical, automotive and geo-textiles and hygienic products. It has also recommended a multi-pronged approach to develop chemical protective fabrics, multi-layer sportswear fabrics and agro shade net fabrics.
The domestic technical textiles market is projected to grow at an average yearly rate of over 10-12 per cent in the next four to five years because of high demand, said the President of the trade body, Ms Swati Piramal.
The study reveals that the main driving forces are expected to be medical, automotive and geo-textiles and hygienic products. It has also recommended a multi-pronged approach to develop chemical protective fabrics, multi-layer sportswear fabrics and agro shade net fabrics.
Fibre2fashion News Desk - India
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