Technical textiles consumption to be worth $126 bn by '10

 There has been a steady growth of both consumption and production of technical textiles throughout the world.

 According to a press statement a study conducted by Tata Economic Consultancy Services (TECS) has estimated the market size of technical textiles and its products which is Rs 19,700 crore in 2003-2004 to grow to Rs.36,100 crore by 2007-08.

 The Government of India, ministry of textiles has set-up an Expert Committee on Technical Textiles (ECTT) under the chairmanship of textile commissioner to draw up an action plan for the growth of technical textiles in India.

 The objectives of the ECTT are to assess the present and potential domestic and international market size of important technical textile products and preparing project profiles for select products having maximum market potential.

 It also aims to identify infrastructure gaps, testing facilities, quality certification and suggest a legislation to promote application of technical textiles and fiscal measures to promote growth of technical textiles.

 The committee would evolve a road map for development of the domestic technical textiles industry and recommend steps to be taken in the areas of testing laboratories and certification systems, skill development, fiscal incentives and information dissemination.