There is a huge potential to fulfil a large demand gap as the consumption of technical textiles in India is still only at 5-10% against 30-70% in some of the advanced countries. Technical textile accounts for approximately 13% of India’s total textile and apparel market and contributes to India’s GDP at 0.7%. India’s leap towards modernisation and its manufacturing competitiveness are some of the key contributors to the growth of this segment. The end use application of technical textiles is widespread and seen in industries such as agriculture, construction, sports apparel, healthcare etc. Technical textiles is a fast-growing sub-segment that finds its usage in an array of sectors. It is the second largest producer of polyester in the world and is now emerging as a key player in technical textiles industry contributing to a market size of $ 19 Bn. India’s strengths have already been defined in traditional textiles and natural fibres globally. Great Places for Manufacturing in India.Production Linked Incentives (PLI) Schemes in India.Loan Guarantee Scheme for Covid Affected Sectors.Dadra and Nagar Haveli and Daman and Diu.Semiconductor and Display Manufacturing.
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