Nonwoven and Techn
Nonwoven and Technical Textiles in India:
In the recent past, India offered enormous excitement for the US and European technical textiles sector. They all eyed India as an immediate new market offering enormous opportunities. Indias growth is expected to be around 8% in the years ahead and should be watched as a growth market. However, the landscape is not mature enough yet for the entire segment of the Nonwoven and the technical textiles industry of the developed world to start having tremendous business opportunities. Indias government and the textile industry are certainly optimistic for the growth in the technical textiles sector. This will be a welcoming sign for the US and European manufacturers who are eyeing on new growth markets. This article briefly will elaborate on the current textile industry scenario, need for diversification into Nonwoven and technical textiles sector, policy schemes and where there are immediate opportunities.