Tech textiles mkt seen at Rs 86,000 cr

India8217;s technical textiles market is expected to touch Rs 86,000 crore in the next five years,doubling from the present Rs 43,000 crore,a senior industry player said.

8220;A boom in the technical fabrics market is expected to happen,which includes technical textiles for industries and medicinal textiles. In the next five-years,its market size would reach Rs 86,000-crore from the present Rs 43,000 crore,8221; LNJ Denim8217;s Chief Executive amp; Business Head,Y C Gupta,said on the sidelines of a press meet here.

LNJ Denim is a division of RSWM Ltd,the flagship company of the LNJ Bhilwara Group. RSWM,which operates from 6 units in Rajasthan with a turnover of Rs 1,500-crore,also owns the brand Mayur Suitings.

In view of the growing demand for technical textiles fabrics,the company has ventured into technical textiles for work-wear,Gupta said.

With an investment of over Rs 200-crore in acquisition of latest equipments from Europe,the USA and Japan and Ramp;D,the company recently unveiled its new range of denim fabrics.