The Centre, on Wednesday, said the technical textiles segment,
which is engaged in production of the specialised variant of
the commodity used by industries, may become a Rs 66,441 crore
industry employing an additional three lakh workers by 2012.
"We expect investment of Rs 5,000 crore (in technical textiles
sector) and employment, which is approximately nine lakh at
present, to increase to 12 lakh, by 2012," Textiles Minister
Dayanidhi Maran said at Technotex-2009, a function jointly organised
by the ministry and Ficci.
Maran added saying that domestic market size of technical
textiles in the country is expected to grow at the rate of
11 per cent per annum.
Unlike conventional textiles, which are highly export intensive,
these are import intensive and are mostly used by industrial
houses for various purposes.
Source: DHNS
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6:09:40 AM 
