Widening scope for development of technical textiles in India

The Indian technical textiles sector is still in its early stages and the Indian government needs to take necessary steps to boost this sector. A report by the Ministry of Textiles states that there are 1,834 textile mills with an installed capacity of 37 million ring spindles, 489,718 rotors, and 56,526 looms. The Government and the industry are expecting for diversification opportunities to enlarge the overall market size of the textiles industry. ICRA undertook the Government-sponsored study and has estimated the current market size to be Rs. 398,760 million. Growth is expected in the consumption of institutional products such as geotextiles, automotive textiles, and hospital products. There is an emergent need to grow the converting sector, which will spearhead the growth of the other segments of the NWTT sector.