Technical textiles are textile materials and products used for their technical performance and functional properties. They include tyre cords, fabrics, airbags, industrial textiles, furniture lining, tents, fire service equipment, bulletproof jackets and parachutes.
The market size of technical textiles in India has grown from Rs 42,000 crore in 2007-08 to Rs 91,236 crore in 2013-14. With adequate policy support, promotion, standardisation and regulation, the sector stands to achieve a potential of Rs 1.58 lakh crore by 2016-17. Union minister of state for textiles Panabaka Lakshmi announced the exhibition in Mumbai Saturday. She said the technical textiles industry in India is at a nascent stage but offers vast potential for growth.
A high level committee on manufacturing had recognised the potential for increasing production and exports. The third edition of Technotex, organised by FICCI in collaboration with the textiles ministry, is expected to attract exporters seeking new business opportunities as well as policy makers.
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