KPChellamani, vice president of the South Indian Textile Research Association, said that the Indian technical textile market will double in the next five years, providing a huge development opportunity for the textile industry.
Speaking at a technical textile conference on Monday, he said that the technical textile market will reach about 86,000 rupees in the next five years, doubling from the current level of 43,000 rupees.
He said that all 12 areas of technical textiles will have a boom, including medical textiles.
The Indian healthcare industry is expected to grow by about 20% a year, and per capita health spending is increasing. This will help stimulate the growth of medical textiles.
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