Indian technical textiles industry is expected 11% per annum

The Indian technical textiles industry is expected to register a growth of 11% per annum till 2012-13, and is likely to grow at 6% to 8% per annum till 2020 without any policy interventions, said Textiles Secretary Rita Menon. He said if government interventions take place in the form of regulatory push, the growth of technical textiles industry can be estimated at 12% to 15% per annum till 2020. The technical textiles segment in India has a potential to attract investment and create additional employment opportunities in coming years. Investments of Rs.5, 000 crores are expected by 2012 and employment is expected to increase to 12 lakhs by 2012.