Indian technical textiles industry size may double by 2014-15

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:08 AM IST

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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

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

Next Story