She expressed the importance for this sector from the high level manufacturing committee headed by the Prime Minister of India.
According to a press release from Government of India, technical textiles sector has grown from a size of US $7 billion in 2007-08 to the current size of US $15.2 billion registering an annual growth of 11 percent.
According to media reports, Indian government has planned an increase in the fund outlay for technical textiles sector to over US $117 million for the 12th five year plan period (2012-17).
Indian technical sector encompasses all performance based textiles involving fibers, yarns, wovens, nonwovens, etc., that cater to non-commodity textile applications. It is expected that the employment in this sector will grow at an annual rate of 13% to reach 2.6 million by 2016-17.
Seshadri Ramkumar
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