Presented at ASSOCHAM Symposium onTechnical Textiles dated 19th March, 2010
Worldwide, Technical Textiles arethe fastest growing segment of Textile sector. In the developed countries, theshare of such textile products has now reached 60% of all textiles. The Keydemand drivers are the growth in GDP and the growth in infrastructure andoverall quality of living. However, despite a strong Fiber base, India has remained a laggard and slow mover in the field of nonwoven and technicaltextiles, as reflected in poor per capita consumption of only 0.2 Kg versus 3Kg for the developed countries. Two key grey areas have been the doubts on thetypes of technology to adopt and for what saleable products; and overall understandingof right business model.
Future stars on the horizon of Technicaltextiles are countries like China and India, especially over the present decadewhen GDP is est. to average 9-10%p.a. In India, the present market size forTechnical Textiles is approximately Rs.45000 crore.
Due to the GDP factor, it iscertainly expected to clock 65000 to 70000 Cr, by 2015. As per a study by ICRA,the Technical textile sector in India will experience a growth of 11-12% pa for2010-2020 decade vis--vis growth of only 6-7% in the developed countries.
With the above positive drivers,and projectors for growth and adequate support provided by the Governmentin terms of TUF scheme and capital subsidy benefits to Technical Textilesprojects, it is the high time for the industry to leverage upon thesebenefits along with advantages of adequate Fiber base.
The author is Senior TechnicalTextile Consultant