Pratibha Industries, a primary manufacturing unit of man made fabric in Surat, is all set to venture into technical textile sector.
Sources say that, Pramod Chaudhary, Managing Director, is very confident about the growth of this industry as entire demand of textile is taken care by imports, because of which the company has planned this move.
Due to South Gujarat not having strong competitors of technical textile, Pratibha Industries would be the first primary group to venture in this field.
In a short time the company would start working with plans to import machinery from Europe and be well equipped to the requirement of domestic as well as export market.
Growth of domestic textile would approximately be 10 percent which is around US $70-75 million, while for global technical market it would be around $50 billion.
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