New Delhi: The government on Wednesday said the
technical textiles segment, which is engaged in production of
the specialised variant of the commodity used by industries,
may become a Rs 66,441 crore industry employing an additional
three lakh workers by 2012.
"We expect investment of Rs 5,000 crore (in technical
textiles sector) and employment, which is approximately nine
lakh at present, to increase to 12 lakh, by 2012," Textiles
Minister Dayanidhi Maran said at Technotex-2009, a function
jointly organised by the ministry and FICCI.
Maran added saying that domestic market size of technical
textiles in the country is expected to grow at the rate of 11
per cent per annum.
Unlike conventional textiles, which are highly export
intensive, these are import intensive and are mostly used by
industrial houses for various purposes.
However, India's contribution in the over USD 125 billion
global market is insignificant. The industry is about Rs
37,115 crore at the moment.
Speaking at the function, Minister of State for Textiles
Panabaaka Lakshmi said, with the government thrust on the
infrastructure sector, the technical textiles industry holds
immense potential.
Bureau Report
First Published: Wednesday, August 12, 2009, 16:29