Technical textiles parks should be set up, Mallyah, INDA

27 Feb '07

3 min read

3. Consumer changes to look for life style changing products like wipes, diapers etc.

4. Growth of retail market or mall culture.

5. Competition will push the price down thereby increase the demand.

6. Increasing exposure to international lifestyle.

7. Large Raw material base in cotton, polyester, viscose etc.

8. Promotion of special economic zones(SEZ)

India will be the next big market for Nonwoven & Technical textiles. India's 300M middle class population with substantial disposable income is a big market for wipes, diapers and feminine hygiene products. It is virtually a virgin market because wipes and diapers are yet to take off in a big way. Hence roll goods alone have a huge market potential in India.

What is expected of budget 2007?

Budget 2007 can play a vital role in the development of Nonwovens and technical textiles in India.

Currently there are no Nonwoven machinery manufacturers in India. Hence Government should allow import of new and second hand machinery from America, Europe and far east at 0 percent custom duty.

Fiscal duty on the raw material used in the Nonwoven and technical textiles should be completely waived in order to encourage the growth of this industry.

Government should set up Technical textiles parks around the country to encourage setting up of Nonwoven and technical textiles industry in these parks with investment subsidy, tax holiday etc.

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