The Indian textile industry roots thousands of years back. After, the European industry insurrection, Indian textile sector also
witnessed considerable development in industrial aspects. Textile industry plays an important role in the terms of revenue
generation in Indian economy.
The significance of the textile industry is also due to its contribution in the industrial
production, employment. Currently, it is the second largest employment provider after agriculture and provides employment to more
than 30mn people.
Prospects
Considering the continual capital investments in the textile industry, the Govt. of India may extend the Technology Upgradation
Fund Scheme (TUFS) by the end of the 11th Five Year Plan (till 2011-2012), in order to support the industry. Indian textile
industry is massively investing to meet the targeted output of $85bn by the end of 2010, aiming exports of $50bn.
There is huge
development foreseen in Indian textile exports from the $17bn attained in 2005-06 to $50bn by 2009-10. The estimation for the
exports in the current financial year is about $19bn. There is substantial potential in Indian exports of technical textiles and
home-textiles, as most European companies want to set up facilities near-by the emerging markets, such as China and India.
he global demand for apparel and woven textiles is likely to grow by 25 percent by year 2010 to over 35mn tons, and Asia will be
responsible for 85 percent output of this growth. The woven products output will also rise in Central and Southern American
countries, however, at a reasonable speed. On the other hand, in major developed countries, the output of woven products will
remain stable. Weaving process is conducted to make fabrics for a broad range of clothing assortment, including shirts, jeans,
sportswear, skirts, dresses, protective clothing etc., and also used in non-apparel uses like technical, automotive, medical etc…
It is been forecasted that the woven textile and apparel markets will sustain their growth from current till 2010. The imports of
apparel and textiles will rise from developed economies like the USA and the western countries of Europe and Japan, along with
some newly emerged economies, such as South Korea and Taiwan. Certainly, import growth has been witnessed vertical rise in the
previous year.
Apparel is the most preferred and important of all the other applications.
Woven fabrics are widely used in apparel assortments,
including innerwear, outerwear, nightwear and underwear, as well as in specialized apparels like protective clothing and
sportswear. Home textile also contributes considerably in woven fabric in products assortments like curtains, furnishing fabrics,
carpets, table cloths etc.
Special kind of woven fabrics are utilized in medical as well as industrial applications.
The medical applications include
adhesives, dressing bandages, plasters etc.
- Where as, industrial applications includes;
- Geotextile - interior upholstery, trim, airbags and seat belts and lyre fabrics.
- Sailcloth - tent and fabrics used architectures, transportation and tarpaulins.And many more applications…
The Indian Industry foresees huge demand for industrial woven products for medical and automotive applications. Demand for woven
fabrics is anticipated to be rise vertically in the sector of home textiles.
Non woven sector has great future in terms of global demand, thus major facilities of cotton yarn are currently concentrating
just on home textiles. It is mandatory, that the peak management of the cotton yarn manufacturers analyze the future prospect and
growing graph of demand for non woven products.
Conclusion
Anticipating massive growth in medical and automobile sectors, these sectors assures substantial demand for non woven facilities
in India. Albeit, home textiles also will lure higher demand, there are specific demands for home textile facilities also.
The 7th Five Year Plan has huge consideration on agricultural growth that also includes cotton textile industry, resulting a
prosperous future forecast for the textile industry in India.
Indian cotton yarn manufacturers should rush forward for joint
ventures and integrated plans for establishing processing and weaving facilities in home textiles and technical textiles in order
to meet export target of $50bn, and a total textile production of $85bn by 2009-2010.
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