March - 2009

 

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Technical textile industry needs platform to capture defence business

As the importance of technical textile is rising day by day, market opportunities are increasing and thus the usage of the same is growing rapidly. Currently, approximately US $120 billion worth of technical textiles is consumed world over and in India it is just $6 billion.

New Delhi (PTI): The domestic technical textile industry needs to create a platform for stronger industry- defence exchanges and partnership to capture a major part in the country’s outlay of about Rs 2,000 crore on clothing and fabric needs of its armed forces and security personnel. According to a study by industry association FICCI, India spends a large amount of money on purchasing uniforms for the 1.5-million-strong armed forces and an equal number of paramilitary and security forces, but the US$ 8 billion Indian technical textile industry is losing the business as most of the security-related orders are being carted away by foreign companies, the study said.

A large number of the armed forces and security personnel are required to be equipped with protective and special clothing that are called ‘technical textiles’. This requirement is functional in nature and offers a large market for Indian technical textiles manufacturers.

 
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