20 Percent Annual Growth Expected In Technical Textile Industry.

Technical Textiles, as you may already know are nothing but the textile products manufactured for purposes other than aesthetic. These include the textiles required for application in automotive, medical textiles, agro-textiles, as well as those required for making protective clothing, such as spacesuits, bulletproof vests, or that worn by the fire-fighters and welders etc.  Technical textiles also include materials and products used for their technical performance and functional properties such as tyre cords, airbags, industrial textiles, furniture lining, tents, parachutes etc.

Repo Rate Cut Welcomed By Textile Industry

To begin with, Repo Rate is precisely the rate at which the Central Bank of the country lends money to all commercial banks during the event of shortage of funds.

In a recent financial move the RBI Governor, Dr. Raghuram Rajan announced a cutback on the current repo rate from 7.25 percent to 6.75 percent, which was brought into effect immediately on 29^th September, 2015. This repo rate deduction of 50 basis points has been more than welcomed by the textile industry of the country, simply for the reason that this cut will majorly benefit capital-intensive industries.

Reinventing Home Furnishing Textile through Recycling

As surprising as it may sound, the urban waste comprises of a substantial amount of textile wastes, which usually comes from the end-consumers. While there are certain commercial as well as charity organisations that come forward and take up some part of this waste, but the better part of it is still discarded. It is dues to the unending burden of this waste, that new possibilities are being tapped so as to make it commercially viable.