Home textiles major Welspun India Ltd on Tuesday said it has joined the global coalition to mitigate greenhouse gas emissions. Home textiles major Welspun India Ltd on Tuesday said it has…
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Home textiles have been a major part of global textile trade and it comes as no surprise. The ever-improving economic status of people supported by various modern financial innovations has enabled families to invest higher amounts into the home textiles segment.
The 2008 recession was another defining moment in the life of Indian textile industry, and a study by Rajan Nagpal & Ronak Agarwal reveals the effect of the slowdown on the return on equity % and the profit margin % of the major textile firms following that period.
In spite of slowdown in nonwovens, following general economy, the global per capita consumption is expected to grow from 1 kg to 2011 to 2 kg by 2025. And nonwoven and nonwoven-based products find wide applications in personal & healthcare, infrastructure, air & water purification and mobility.
The technical textile industry in India is seriously getting down to business; first, the membership of the Indian Technical Textile Association (ITTA) has gone up by 48 to over 240, and there are signs of more coming in in the days to come.