Today, it is believed to be the right time for industrial fabrics companies as well as the technical textiles industry to take chances on collaborating and having joint ventures with countries that has growing economies which may then lead for new markets. As such, the United States has chosen India to be the place to best absorb such technical textiles industry in that it will only achieve its growth targets with the help and collaboration from the West. India has been selected in that it offers a strong growth platform for the Western technical textiles industry. In addition, the market size of the textile industry in India is $50 billion in which $5 billion of it accounts for the technical textiles. On the other hand, the main source of foreign exchange for India involves the export of textile commodity products to North America and the Europe while labor is considered to be India's competitive advantage.
|Number of pages||6|
|Journal||Specialty Fabrics Review|
|State||Published - 2009|