Technical textiles has been growing at a steady pace in India over the last couple of years, and the government is taking its growth on priority basis, a top Central government official has stated. The Centre has already announced 15 per cent capital subsidy for investments in the sector underthe Amended Technology Upgradation Fund Scheme (ATUFS). "Growing industrialisation, increasing access to medical care and huge infrastructure spending is expected to drive growth of the technical textiles industry," Textile Commissioner stated on the sidelines of Techtextil India Symposium 2016 in Mumbai. There are perceptible signs of expansion being observed in a few specialised segments of technical textiles, but the sector's potential remains largely untapped in India. She urged the sector to double its spending on R&D from around 10-11 per cent at present. Speaking about the global technical textiles market, the commissioner stated that it is expected to reach $193.16 billion by 2022. She mentioned that growth of key end-use industries such as agriculture, construction, packaging and automotive in BRICS nations are key driving factors for global technical textiles market.
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