European technical textile industry shifts towards India

摘要

European technical textile industry is moving towards the more vibrant markets of Asia, and especially India, where there are good opportunities in geotextiles, automobile textiles and medical textiles.Speaking to technicaltextile.net, Managing Director of TechTex consultancy stated that aspiration behind European firms shifting to India is rather the attractiveness of the Indian market for technical textiles than adding another low labour cost plant to the existing industrial footprint.The Indian market offers good opportunities in geotextiles because of the large scale infrastructure investments taking place in India.