Home / Knowledge / News / Textiles / Indian Technical Textiles market to grow four times by 2020

Indian Technical Textiles market to grow four times by 2020

21
Apr '08
“Indian Technical Textiles market is set to grow by more than 4 times to $37bn in the next 12 years i.e. by 2020”, estimates FICCI – Technopak Report on 'Indian Technical Textiles Industry: Stimulating Demand and Promoting Development'.

The report pointed out that the growth of Indian market for technical textiles, currently at $ 8.3 billion and growing at a healthy pace of 11.25%, is hindered by lack of product standards; R&D facilities and innovative technologies; inadequate regulatory measures in various application areas for ensuring use of technical textiles at par with developed countries; lack of economies of scale; inadequate testing facilities and skilled work force.

These deficiencies that are holding down the growth of different sectors of technical textiles have been spotlighted by a FICCI-Technopak Report prepared for the FICCI Conference of Indian Technical Textiles Industry to be held in the capital on April 22, 2008.

The conference will be inaugurated by Mr Shankersinh Vaghela, Union Minister of Textiles and addressed, amongst others, by Mr V Govindarajan, Member-Secretary, National Manufacturing Competitiveness Council (NMCC); Mr A K Singh, Secretary, Ministry of Textiles and Dr C S Gokhale, Chairman, FICCI Taskforce on Technical Textiles.

Leading industry professionals and senior government officials dealing with technical textiles will deliberate on issues confronting the industry at the day-long conference.

Technical Textiles are textile materials and products manufactured primarily for their technical performance and functional properties rather than their aesthetic or decorative characteristics.


Interviews View All

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search