September 23, 2009
India's technical textile industry will be worth $12-15 billion by 2012, which will be 12% of the global value. Consumption of non-wovens and technical textiles in India is also expected to grow from 100 gm now to 250 gm in 2012, in tune with the GDP growth. These would be possible with the implementation of the various programmes under the national mission on technical textiles and large-scale national and foreign direct investments.
The national mission to promote technical textiles has a budget support of over Rs 1,600 crore ($170 million) for the next five years. The main aim of the mission is to grow the current technical textile industry to a size of around $12-15 billion by 2012.