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India to emerge a strong player in blended fibers market

Driven by its massively growing textile and home furnishings sector, India is touted to emerge as one of the most promising market for blended fibers in the forthcoming years. In fact, the textile sector is one of India’s largest export contributor with around 13 per cent of the overall exports in India credited to the textiles sector. The central government of India also plans to launch a new textile policy that aims to accomplish a benchmark of US$ 300 billion worth of textile exports by 2024-2025. In consequence, this would have a marked impact on the regional blended fibers market share.

In the last year, blended business vertical has witnessed a couple of rather pivotal incidences that would have a commendable influence on India blended fibers industry trends in the years to come. Research activities unearthing age-old, conventional as well as newer innovations in fiber technology, blended fibers market outlook is likely to witness a dynamic transformation in the years ahead. Furthermore, the trend of bringing forth the environment-friendly factor in textile production is also likely to generate a plethora of opportunities for companies, which would substantially strengthen the competitive landscape of blended fibers industry.

 

 
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