| 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. |