Business Standard

Indian technical textiles industry size may double by 2014-15

Image

Press Trust of India New Delhi

Size of domestic technical textiles industry, which produces specialised variants of the commodity used for industrial purposes, may almost double by 2014-15 from the estimated $10 billion at present, a study said today.

The reason for growth of the sector is increasing consumption of these items mainly by the middle-class, the Assocham study said.

"The domestic technical textiles market is estimated to grow at an average annual rate of over 10-12 per cent in the next four to five years because of high demand," Assocham President Swati Piramal said in a statement.

The study said, the sector's major driving applications are medical textiles, automotive textiles, geo textiles and hygienic products.

Assocham has recommended that the Indian textile industry should have a multi-prong strategy to ensure development of agro shade net fabrics, chemical protective fabrics and multi-layer sportswear fabrics.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 10 2010 | 6:38 PM IST

Explore News