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Textile industry grows in India

June 1st, 2008 / By: / Industry News

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.

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