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A project promoted by Ministry of Textiles, Government of India to promote the field of technical textiles in India. PSG College of Technology setting up the COE in Industrial Textiles, a segment of Technical Textiles has a wide range of products such as Conveyer Belts, Automobile Textile, etc.
The term 'Industrial Textiles' refers to a subgroup of a wider category of Technical Textiles, referring specifically to those textile products used in the course of manufacturing operations (such as filters, conveyor belts, abrasive substrates) or which are incorporated into other industrial products (such as electrical components, cables, flexible seals, acoustic and thermal insulation of industrial appliances).
According to the survey published by the Ministry of Textiles, the market size of Indutech was around Rs.3200 crores in 2007-08 and expected to reach Rs 5400 crores by 2011-12. The rate of growth is expected to be over 12% per annum, which is quite healthy and presents an opportunity to a new entrant the scope and space to establish himself.
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