Through our extensive market research, we have understood the demand of technical textile products in developed countries have reached to stagnancy level now and market is shifting to developing counties, says Avinash Mayekar, MD & CEO of Suvin Advisors Pvt Ltd, in an interview with the ITJ.
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What do handbags, hovercrafts, habitats, hang-gliding, halyards, healthcare and horticulture have in common? Natural fibres like wool, cotton, silk, jute and linen were used to make textiles more than 5,000 years ago. Textiles, once used primarily as a means of protecting oneself from the environment and for ornamentation, has moved beyond the home into construction, transportation, aerospace, agriculture and medicare, over the last hundred years.
What do handbags, hovercrafts, habitats, hang-gliding, halyards, healthcare and horticulture have in common? Natural fibres like wool, cotton, silk, jute and linen were used to make textiles more than 5,000 years ago. Textiles, once used primarily as a means of protecting oneself from the environment and for ornamentation, has moved beyond the home into construction, transportation, aerospace, agriculture and medicare, over the last hundred years.
What do handbags, hovercrafts, habitats, hang-gliding, halyards, healthcare and horticulture have in common? Natural fibres like wool, cotton, silk, jute and linen were used to make textiles more than 5,000 years ago. Textiles, once used primarily as a means of protecting oneself from the environment and for ornamentation, has moved beyond the home into construction, transportation, aerospace, agriculture and medicare, over the last hundred years.
According to IMTMA India, the Government of India is expected to boost manufacturing – one of achieving 25 per cent share in overall GDP by the year 2025 (from the present 16 per cent); to have concerted focus on technology and depth value addition; and to generate for the country a hundred million manufacturing jobs.
A.T.E. was founded as a part of India´s freedom movement. The idea ´ to sell high quality German textile machinery in India to challenge the prevailing British monopoly in the field. A.T.E. encompasses three essential elements of life ´ Air, Water, and Energy.
The global technical textile market that was worth $133.93 billion in 2012 is expected to reach up to $160.38 billion by 2018. It also predicts that in terms of volume the global demand will grow at a temperate CAGR of 3.3 per cent from 2012 to 2018 and reach 30.71 million tonnes by the end of 2018.