Greenfield SME Nonwoven Technical Textile Project

COST & VIABILITY MODEL OF A GREENFIELD SME NONWOVEN TECHNICAL TEXTILE PROJECT

A project business model of a New Filter media unit of 4 Ton/day, on Needle punched technology, under Business start up scheme.

An Overview and emergence technical textiles in India

—        The size of Indias textile industry is touching a $70 billion level, with exports of $35 billion including garments and made ups. However, the share of nonwovens and technical textile products is yet a poor 12-13% vis-a-vis almost 65-70% for advanced economies of USA, Europe, and Japan.

—        The ray of hope is, however, that the Technical textiles sector is growing at a faster rate of 12-13% p.a. while traditional or core textile sector averaging 6-7% even though riding on Garment sector as its driver.

—        Hoping that India maintains an avg GDP path of 6-6.5% growth, the potential for demand growth in technical textiles and nonwovens is indeed very assuring towards retaining the double digit growth at 12-13% p/s over next 10 years.

—        With increasing standard of living, increasing in young and aspiration consumers driving the retail growth; the fast evolving technical textile sector will open new business opportunities for entrepreneurs choosing this domain.

—        However, success awaits those who will have a head-start and, would be able to understand the nuances of multiple technologies, and their products, and finally the most relevant business models to derive cost & viability of new projects in the open market conditions.

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 About the Author:

Munish Tyagi is the CEO of Nuovatex Projects Company, New Delhi

Source:  www.fibre2fashion.com

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