India'S Technical Textiles Market Will Expand 4 Times In 2020.

The India industry and Commerce Federation (FICCI)'s Technopak report "India technology textile industry: expanding demand and promoting development" assessment, in the next 12 years, by 2020, the India technical textiles market will expand 4 times to 37 billion US dollars.

The report points out that the technical textiles market in India is currently 8 billion 300 million US dollars, maintaining a healthy 11.25% growth rate, but the technical textile industry lacks product standards, lacks R & D measures and innovative technologies, and lacks management measures in many application fields. It can not guarantee that technical textiles go hand in hand with developed countries, the scale of the economy is not big enough, there is a shortage of testing equipment and a shortage of skilled workers.

These short boards restrict the development of technical textiles in various fields, and the India technical textile industry will hold the FICCI conference in April 22, 2008.

The Technopak report will be submitted to the general assembly.

The FICCI-Technopak report points out that 12 different fields of technical textiles are very important. The comprehensive development of these fields will promote the overall development of India's technology textile industry.

But the four area (building technology, biotechnology, medical technology and Protection Technology) will be the most important area.

In addition, in the field of 12 technical textiles, biotechnological textiles and protective textiles are the main market driving forces.

The demand for technical textiles and protective textiles will be applied to many aspects of the constantly developing infrastructure, especially roads and aviation. Meanwhile, the consumption of fireproof textiles will also increase greatly.

Technical textiles will improve the biotechnological characteristics of roads, bridges, highways and slopes.

The report predicts that the consumption of biotech textiles will probably be around 100 billion rupees during the eleventh five plan, because the demand for freeway, runway and rural road construction is expanding.

Protective textiles are mainly used for fireproof fabrics, used in hotels, multi commercial streets, and national defense.

Technical textiles have great potential in India.

India and foreign investors' investments in areas of high return, high potential and high demand helped India create great potential for the technology textile industry.

India enjoys its position in the global technology textiles market and will become a net exporter next year.

At the government level, industry level, financial level and educational organization, we need to do a lot of work to accelerate the development of the technology textile industry.

SR