Interviews
Indian Technical Textiles market to grow four times by 2020
21 Apr '08
3 min read
Although all the twelve identified sectors of Technical Textiles are very important and the combined growth of these sectors will bring about an overall growth of the technical textile industry of India, the four sectors namely – Buildtech, Geotech, Meditech and Protech are foreseen as the areas of utmost importance, by FICCI-Technopak Report.
Further, out of these 12 segments of Technical Textiles, Geotextiles and Protective Textiles would be the key driver of this market, as identified by the report.
The demand for Geotextiles and Protective Textiles is set to grow manifold in view of the growing infrastructure (especially roads and airports) and also because of the increasing usage of fire retardant textiles in various applications, the report observed.
Geotextiles are used to improve the geotechnical properties of roads, bridges, runways, slopes etc. The report estimated that the consumption of Geotextiles in the 11th Five Year Plan could be around Rs.10,000 crores due to increase demand from areas like highways, runways and rural roads.
And, protective textiles are basically flame-retardant fabrics used in hotels, multiplexes, malls, defence etc.
Technical Textiles have a huge potential in India. This potential has to be realised by Indian and foreign investors by making suitable investments in this high profit, high potential and high demand sector.
India has to take its due position in the Global Technical Textiles market by becoming a net exporter in the coming years. A lot needs to be done at the Government level, industry level and by financial and educational organisations to expedite the growth of this industry.
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Further, out of these 12 segments of Technical Textiles, Geotextiles and Protective Textiles would be the key driver of this market, as identified by the report.
The demand for Geotextiles and Protective Textiles is set to grow manifold in view of the growing infrastructure (especially roads and airports) and also because of the increasing usage of fire retardant textiles in various applications, the report observed.
Geotextiles are used to improve the geotechnical properties of roads, bridges, runways, slopes etc. The report estimated that the consumption of Geotextiles in the 11th Five Year Plan could be around Rs.10,000 crores due to increase demand from areas like highways, runways and rural roads.
And, protective textiles are basically flame-retardant fabrics used in hotels, multiplexes, malls, defence etc.
Technical Textiles have a huge potential in India. This potential has to be realised by Indian and foreign investors by making suitable investments in this high profit, high potential and high demand sector.
India has to take its due position in the Global Technical Textiles market by becoming a net exporter in the coming years. A lot needs to be done at the Government level, industry level and by financial and educational organisations to expedite the growth of this industry.
Click here to view more:
Federation of Indian Chambers of Commerce and Industry
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