Status of the Indi
Status of the Indian Textiles Industry
Indias textile industry is a conventional industry dominated by cotton. According to a recent report by the Ministry of Textiles, India, there are 1834 textile mills with an installed capacity of 37 million ring spindles, 489,718 rotors and 56,526 looms. Compared to the capacity of the conventional textile industry, the nonwoven roll good production is between 80,000 and 100,000 metric tons. Textiles industry, which includes the nascent technical textiles sector, contributes 4% to the GDP and 14% to the industrial production. The two main reasons which make the Indian textiles industry strong are: 1) export earnings and 2) employment opportunities. Indias textiles industry employs some 35 million people directly and contributes 17% to the total export earnings of the country.
Need for Technical Textiles Sector in India
The economic strength of the Indian textiles industry comes from its export earnings. The competitive advantage that India had in terms of its labor cost has been eroding slowly and smaller nations such as Bangladesh and Vietnam due to cheaper labor and trade agreements with the US and Europe are gaining advantageous positions with regard to foreign trade. More recently, the decrease in the consumer spending and the global economic recession has forced the Indian textile industry to start thinking seriously about technical textiles. The government and the industry are looking for diversification opportunities to enlarge the overall market size of the Indian textiles industry. India textiles industry wants to reach the size of US $ 115 billion by 2012. The expectation is that the technical textiles sector will contribute at least 10% to the overall market size, which will be US $ 11.5 billion. The current value of the Indian technical textiles sector is around US billion. This means, Indias technical textiles sector has to nearly double in size in years ahead. All stake holders, i.e., industry and trade associations, Government, industry related trade associations and textile academia and working seriously to build a viable technical textiles sector in India. In this connection, Government of India is playing a significant role in creating awareness and developing a knowledge base for the NWTT sector. Since mid 2000s, the government has supported many technical awareness programs. Both INDA and EDANA have offered sector wise training programs in major textile hubs such as Surat, Coimbatore, New Delhi, etc.