The technical textile industry has considerable opportunities both in the domestic also as export markets. Nevertheless, as long as it's a comparatively nascent industry, there are certain challenges which the sector experiences. This essentially results in significant dependence on imports across product segments in technical textiles. Hence, it becomes important to plan appropriate strategies that might allow leading manufacturers not only to cater to the domestic market but also, and more importantly so, to become competitive enough to enter and expand in the discernible overseas export markets. A number of the challenges and choose strategies to overcome them are briefly elucidated below.
Increase specialize in research development and technology
Research and development form the backbone of the technical textile industry, given these textiles are primarily based on a mixture of scientific and engineering design knowledge. Thus, the usage of obsolete and outdated technology within the technical textiles sector may be a major hurdle in the development of the industry. The technologies utilized in the assembly of technical textiles aren't in tune with the advanced global technological trends. Moreover, the expenditure undertaken on development and research within the textile sector is considerably low as compared to other nations. This leads to a low ranking in exports, as countries often prefer importing value-added innovative products.
Further, the transfer of technology from the developed countries has not been on the expected lines, despite the liberalization of policies associated with technology transfer and foreign direct investments.
A significant technology gap is often noted in the technical textile products produced by indigenous manufactures and foreign ones. With the escalation in demand of user industries, the technology gap might increase further, resulting in the domestic players further losing out market share. To form enterprises globally competitive, it's critical to accord priority to R&D efforts and encourage firms to concentrate on the production of useful added technical textile products.
Technological competencies got to be raised by that specialize in innovation. With the target of increasing productivity, improving product quality and operating efficiency, it's important for the players in the sector to continuously upgrade their technological competencies.
Technical textiles may be a technology-intensive sector and a wide sort of high-end products are imported for the assembly of technical textile output. For further development, there's an urgent need for indigenous production of inputs, which adds to the importance of R&D in the sector. The government bodies, industry players and academic organizations can add collaboration for the betterment of the technical textile industry. Interactive sessions are often held by the industry players during which experts from the research organizations like CSIR and IITs are often invited for knowledge sharing.
The Government can fund the establishment of research organizations that are particularly entrusted with the responsibility of engaging in research associated with the technical textile sectors. This may ensure a smooth flow of data and foster the event of innovative technologies. As an example, the Chinese technical textile market is one of the most important in the world. The technical textile market in China has hugely benefited from technical innovation. In fact, according to the International Textile Manufacturers Federation, during 2000 and 2010 over 55% of spinning machines and over 68% of weaving machines delivered worldwide visited China which have benefitted the expansion of technical textiles in the country.