country. Technical textiles in the form of shelter, protection, transportation etc. are most suitable from the point of logistics for the victims of cyclone, draught, flood, earthquake, fire etc., which are rather frequent events in our country every year. With the Indian population being second largest in the world, it would not be possible to avoid or contain the demand for technical textiles.
As projected from the ECTT report on Technical textiles, the consumption of technical textiles in the country is expected to grow from Rs. 31,418.4 Cr to Rs. 44, 628 during the period from 2003 – 04 to 2007 – 08. Further, as per an internal document prepared by the textile ministry, it is estimated that the technical textile market would grow to Rs.78,060 Cr. by 2014 – 15 with an annual growth rate of 14 %. Till date the Indian textile industry is barely able to support the country’s demand.
A few highlights of the Indian market scenario for Technical textiles are as below:
India is an emerging economy and whether technical textiles can be indigenised, their markets are bound to grow on globalisation.
The value addition in technical textiles is slowly but steadily shifting from raw materials and intermediate products to downstream industries in which India has a strong base and only needs strategic augmentation.
Downstream processes generate relatively more employment and are influenced by labour cost. The labour cost in India is competitive compared to developed countries.
Although the contribution of India in technical textiles in global perspective is insignificant, the breakthroughs achieved by the decentralised sector in the areas of technical textiles relatecd to defence, national security and aerospace applications, points to the fact that given an opportunity and the right incentives, our technocrats would help the country to catch up fast in the field of technical textiles.
Projected global business of technical textiles worth US$ 72 billion by the year 2005 will have a share of more than 50% in Asia. The growth in Asia is expected to be 6.5%, with the projected growth rate being merely 2.2% in the developed countries. This demands that India take strong and urgent initiatives in technical textiles with committed and focussed but realistic targets based on sound strategies.