COST & VIABILITY MODEL OF A GREENFIELD SME NONWOVENTECHNICAL TEXTILE PROJECT
Aproject business model of a New Filter media unit of 4 Ton/day, on Needlepunched technology, under Business start up scheme.
AnOverview and emergence technical textiles in India
The size of Indias textileindustry is touching a $70 billion level, with exports of $35 billion includinggarments and made ups. However, the share of nonwovens and technical textileproducts is yet a poor 12-13% vis-a-vis almost 65-70% for advanced economies ofUSA, Europe, and Japan.
The ray of hope is, however,that the Technical textiles sector is growing at a faster rate of 12-13% p.a.while traditional or core textile sector averaging 6-7% even though riding onGarment sector as its driver.
Hoping that India maintains anavg GDP path of 6-6.5% growth, the potential for demand growth in technicaltextiles and nonwovens is indeed very assuring towards retaining the doubledigit growth at 12-13% p/s over next 10 years.
With increasing standard ofliving, increasing in young and aspiration consumers driving the retail growth;the fast evolving technical textile sector will open new business opportunitiesfor entrepreneurs choosing this domain.
However, success awaits thosewho will have a head-start and, would be able to understand the nuances ofmultiple technologies, and their products, and finally the most relevantbusiness models to derive cost & viability of new projects in the openmarket conditions.
Munish Tyagi is the CEO of Nuovatex Projects Company, New Delhi