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India's technical textile market may touch $32 bn by 2023

Saturday, August 30, 2014

India’s  technical textiles market which is currently estimated at $14 billion is likely to reach a level of $32 billion by 2023, by diversifying towards non-woven technical textiles and forging global partnerships with counterparts, according to a study  conducted by PHD Chamber of Commerce  states that textiles and apparel industry size would balloon to $226 billion by 2023.

Currently, Indian textiles and apparel industry is estimated to be worth $ 99 billion which includes both domestic consumption and exports. It is projected to grow at a CAGR of 8.6 per cent to reach $ 226 billion.

Source: PHD Chamber of Commerce

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

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