A seminar-cum-exhibition on investment opportunities in technical textiles and non-wovens was held in Coimbatore on December 22. It threw light on market opportunities for new entrants in the Indian technical textile space. Organised by the Federation of Indian Chambers of Commerce and Industry and the Office of the Textile Commissioner, the event focused on encouraging domestic players to invest in the technical textile sector and highlight the initiatives taken by the government towards attracting investments in technical textiles and drive growth.

The Indian market for technical textiles is projected at close to Rs 92,500 crores, growing at a CAGR of 11.8 per cent. The market is expected to reach Rs 1, 16,217 crores in 2017-18. India is looking at technical textiles. As GDP grows, demand for technical textiles in India will grow. India has special technology missions for technical textiles. Different centers of excellence have been identified for various segments of technical textiles. Geo textiles are used in roads and infrastructure. There are schemes for the use of geo textiles in the north east and in hilly areas. The country is promoting the use of agro textiles. Agro textiles are used in agriculture for conserving water and improving crop productivity. Medi textiles are used in hospitals and health care. There are industrial textiles, protective textiles.