Technical textile industry to touch $30 billion

The technical textile industry in India has the potential to grow at a rate of 15-20 % annually to touch $30 billion over the next five years.

“There have been sporadic investments to manufacture in artificial leather, hygiene textiles, medical textiles and geotextiles, etc. However, India may need to accelerate investments quickly to encash the opportunities, as otherwise it would be taken over by other competing countries,” said C Kamatchisundaram, vp-textile machinery division, Voltas, in an interview to Fibre2Fashion.

Voltas’s textile machinery division is a leading technology provider in India with a product suite including capital equipment, machinery, accessories, allied machinery and services for spinning, knitting, weaving, processing and finishing sectors. The company offers latest technology machines from globally reputed machine manufacturers like LMW, Terrot, Brueckner, Thies, Reggiani, Benninger, Shima Seiki, etc.

The company has a footprint across India through its branches located in 16 locations, which are strategically positioned close to the textile clusters. It is an India-focused organisation and has its customer base mainly in India. The company has also partnered with machinery manufacturers in India and across the globe to bring technology solutions and services to the Indian textiles industry.

 

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