Industrial Textiles - Products Applications and Prospects
Industrial Textiles offer new ways, means and opportunities for the Indian and global textile industry to sustain the present growth and thrive in the near future. It would offer not only an opportunity for augmenting the growth but also a new direction for the advancement of the industry. Technical textiles consumption, particularly in India under InduTech, is estimated at around Rs 2,326 crores with domestic consumption under InduTech expected to increase at a CAGR of around 12%. The Industrial textiles segment remains untapped not only in India but also in the other parts of the globe and hence offers potential for further growth.