oint Ventures for
Joint Ventures for the Indian Technical
Are Joint Ventures or Strategic Tie-Ups the Right Recipe for the Indian Technical Textiles Industry?
In 2012, the Indian Techtex industry is estimated by Gherzi at about 1/10 of the Techtex industry in China. The Indian Techtex market today is mainly focusing on Packtech, Clothtech and Hometech. Higher value added applications like Indutech or Medtech still have to be expanded, coming from a smaller base.
Indian TechTex has recently seen major indigenous capacity investments without support by a western tie-up or JV partner. Examples include:
- Ginni Filaments into spunlace nonwovens
- SRF into High Tenacity PET yarns and downstream PVC lamination (signage) and PVC coating (tarpaulins)
- Welspun into spunlace nonwovens
- Arvind into glass fabrics and wide width technical wovens
- Neocorp into wide width tape wovens
- Global Nonwovens into Medtech - Hygiene segment
- Techfab into geogrid and woven geotextile manufacturing, etc.
These investments demonstrate that India has reached the stage to become a major player in Technical Textiles outside of the traditional Packtech segment