INDO-US cooperation in high tech sectors on the horizon
25 Dec '06
2 min read
Seshadri Ramkumar, Ph.D
Seshadri Ramkumar, Ph.D., Nonwoven and Advanced Materials Laboratory, Texas Tech University, USA announces that the friendship and mutual respect between India and the United States of America is at all times high now.
Trade between the two countries in 2005-06 reached nearly 25 billion dollars. On December 18th, President Bush signed the US-India civilian nuclear cooperation deal into law.
While doing so in a White House ceremony, he remarked that the landmark deal will open-up new business opportunities between the two countries. Rightly, this is what happening. Not in the nuclear field, but in high-tech textiles.
Recently, Central Minister for Textiles pointed out that the textile industry is the backbone of manufacturing in India.
India targets for a double digit GDP growth by 2010 to compete with China, which has had a GDP growth of 9.9 percent in 2005. To achieve this goal, Indian manufacturing sector should have tremendous growth backed up by solid innovation.
This growth cannot be just in conventional and commodity textile manufacturing sectors. One solution is to focus on the burgeoning nonwoven technical textile sector.
Nonwoven processes are used to develop value-added engineered textiles directly from fiber to fabric by reducing the cost with increased productivity.
Even in the United States, where the conventional textile industry has become a sunset industry and a thing of the past, nonwoven technical textile industry is booming and growing at a rate of 7-8 percent.
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