The transformation from the conventional sector to technical textiles is considered a crucial solution for the industry’s challenges in Punjab, offering significant opportunities.
Entrepreneurs, industry leaders, and experts from the Confederation of Indian Industry (CII) have revealed that Ludhiana’s textile industry is actively pursuing a revival strategy by concentrating on the potential of technical textiles. The transformation from the conventional sector to technical textiles is considered a crucial solution for the industry’s challenges in Punjab, offering significant opportunities.
The local industry possesses immense potential to contribute to the rapidly advancing technical textile sector. Stakeholders and experts expressed confidence in the existing infrastructure and the local skilled workforce, positioning them as competent to facilitate the transition into the technical textile sector.
Despite the optimism expressed, challenges related to raw materials were acknowledged. Technical textiles, which are characterised by engineered products with specific functionalities beyond basic clothing needs, are seen as the pathway to rejuvenate the textile sector.
Chairperson of the Punjab Chapter of CII, PJ Singh, noted India’s emergence as a key player in the dynamic field of technical textiles. Singh added that the market size for technical textiles is projected to reach a staggering $ 309 billion in 2047. He also pointed out that while a few big players are manufacturing the raw material, a majority of the industry is dependent on its import.
Vinod Thapar, President of Knitwear and Textile Club, shared optimism after government representatives at the conference pledged support. General Secretary of the club, Chirnajiv Singh, emphasised the growing demand for technical textiles and the industry’s willingness to make the shift.