Indian technical textile industry might touch Rs 1,58,000 cr by 2017
October 11, 2011 - India
The Indian technical textile industry is expected to grow to a value of Rs 1,58,000 crore by 2017, a senior government official said at Techtextile India 2011.
"The technical textiles industry is forecast to grow at Rs 1,58,000 crore by 2016-17, with a projected growth of 20 per cent. The industry has grown to Rs 63,000 crore in 2011-12 from Rs 41,000 crore in 2010-11, which is 11 per cent growth per annum," Textile Commissioner, Ministry of Textiles, A B Joshi said, after inaugurating the third edition of 'Techtextil India 2011' here.
Joshi emphasised on the growing sectors within the technical textiles industry in India namely, Medical (Medtech), Geo-Textiles (Geotech), Protective Textiles (Protech) & Agricultural Textiles (Agrotech).
In its 12th Five Year plan, the government has allocated funds to the development of Centre's of Excellence (CoE) for the various technical textiles sectors.
The upcoming CoE's, that have been established very recently, are, for non-wovens & medical in Ichalkaranji, Kolhapur, Maharashtra; for the sports sector in Mumbai; for composites in Ahmedabad, Gujarat and for the Industrial application of textiles in Coimbatore, Tamil Nadu, Joshi said.
"The technical textiles industry is forecast to grow at Rs 1,58,000 crore by 2016-17, with a projected growth of 20 per cent. The industry has grown to Rs 63,000 crore in 2011-12 from Rs 41,000 crore in 2010-11, which is 11 per cent growth per annum," Textile Commissioner, Ministry of Textiles, A B Joshi said, after inaugurating the third edition of 'Techtextil India 2011' here.
Joshi emphasised on the growing sectors within the technical textiles industry in India namely, Medical (Medtech), Geo-Textiles (Geotech), Protective Textiles (Protech) & Agricultural Textiles (Agrotech).
In its 12th Five Year plan, the government has allocated funds to the development of Centre's of Excellence (CoE) for the various technical textiles sectors.
The upcoming CoE's, that have been established very recently, are, for non-wovens & medical in Ichalkaranji, Kolhapur, Maharashtra; for the sports sector in Mumbai; for composites in Ahmedabad, Gujarat and for the Industrial application of textiles in Coimbatore, Tamil Nadu, Joshi said.