For the past four years, the Indian technical textile market has been growing at a CAGR of 12 per cent. For the next four years, it is estimated to grow at a CAGR of 20 per cent.

Per capita consumption of technical textiles in India is three to four kg as compared to 30 kg or 40 kg per capita in other countries. With a growing economy and rising disposable income, the demand for technical textile products is bound to increase, creating lucrative opportunities for investment.

Incentives are being provided to the tune of 15 per cent on capital investments in the sector. Despite this, the growth of technical textiles in India is not as encouraging as expected.

India still has to import technical textiles and so it is necessary to increase capacity within the country. India can be positioned as a manufacturing hub for technical textiles.

Technical textiles have immense potential and are considered to be the sunrise industry in India. The industry could grow with sufficient investments in technology.

India is expected to play a key role in shaping the technical textiles market with consumers spending more on home textiles, sportswear products, and medical products. India can contribute toward shaping the future of the technical textile sector by diversifying towards nonwovens.