Interviews
Automotive textile's highway drive to 2010
06 Aug '07
3 min read
The Indian Automobile industry is flourishing like never before in the recent years. The production sales of the automobiles are growing strongly at a CAGR of around 16% with 11 million units produced in 2006-07 reaching to 19 million units by 2010.
The figures are not only lucrative for the automotive component industry but also hold brilliant prospects for the associated automotive textile industry as the growth in the automobile industry will lead to consequent increased demand of the technical textile components used in the automobiles. Presently, automotive textile industry has a share of 7% in the total domestic technical textile market, which is worth US$ 590 millions and is forecasted to reach approximately US$ 987 million by 2010.
Looking at the opportunities galore, FICCI is organising an industry conference on Automotive Textiles. This event is sponsored by Reliance and Business Co-ordination House (BCH) and SASMIRA are the Associate and Knowledge Partners respectively. The conference is scheduled to take place on August 30th '07 at Sahyadri Guest House Auditorium, Mumbai. The conference will be mitigating the interested business enterprises about the potential product sectors in the automotive textile industry to venture in to reap business gains from the investments.
Technical textiles are gaining fast recognition to be one of the most dynamic and promising areas for the future of the textile industry in India for hi-performance applications. Automotive textiles happens to be the rewarding sector finding extensive use of technical textiles in the product categories viz. interior trims, safety devices like seat belts and airbags, carpets, filters, battery separators, hood liners, hoses & belt reinforcement.
The figures are not only lucrative for the automotive component industry but also hold brilliant prospects for the associated automotive textile industry as the growth in the automobile industry will lead to consequent increased demand of the technical textile components used in the automobiles. Presently, automotive textile industry has a share of 7% in the total domestic technical textile market, which is worth US$ 590 millions and is forecasted to reach approximately US$ 987 million by 2010.
Looking at the opportunities galore, FICCI is organising an industry conference on Automotive Textiles. This event is sponsored by Reliance and Business Co-ordination House (BCH) and SASMIRA are the Associate and Knowledge Partners respectively. The conference is scheduled to take place on August 30th '07 at Sahyadri Guest House Auditorium, Mumbai. The conference will be mitigating the interested business enterprises about the potential product sectors in the automotive textile industry to venture in to reap business gains from the investments.
Technical textiles are gaining fast recognition to be one of the most dynamic and promising areas for the future of the textile industry in India for hi-performance applications. Automotive textiles happens to be the rewarding sector finding extensive use of technical textiles in the product categories viz. interior trims, safety devices like seat belts and airbags, carpets, filters, battery separators, hood liners, hoses & belt reinforcement.
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