According to FICCI-Technopak, an Indian technical textile industry group, lack of investment and absence of research and development are the only factors hampering potential growth of technical fabrics to a $37 billion industry by 2020. Technical textiles have registered growth of greater than 11 percent, says FICCI, with building, geotechnical, medical and eight other segments leading growth in the sector. “The lack of mandatory rules for use of technical textile products, certification agencies, design standards, guidelines and skilled manpower are also hindering growth of the sector,” according to the FICCI report.
Textile industry grows in India
Industry News | June 1, 2008 | By: ATA
You might also like...
INDA invites nonwoven professionals to present at IDEA25
Dietz-motoren joins ITMF as corporate member
AAFA announces board of directors leadership for 2024–2025
H&M Group and Vargas Holding launch new venture to scale textile-to-textile recycled polyester
Industry members visit Washington for annual Advocacy Days
Active Apparel Group announces seventh anniversary with FUZE Technologies