In today’s uncertainty, starting a new business or value addition/expansion to the conventional business needs to be done with a great amount of care and with a thorough investigation. However, crisis always opens the doors for new opportunities. Let us understand the top segments of technical textiles which would be serving the immediate needs of the world.
Looking at our country’s strengths, we feel the following segments would be the most beneficial & feasible:
1. Medical Textiles - Nothing surprising here the current situation has already seen the growth of this sector. Once a major importer of PPE kits today India is not only meeting its own requirement but also exporting to a large extent has become one of the prominent players in this sector. We feel the right type of products that can serve appropriate quality norms will be the need of the hour.
2. Hygiene Textiles - The COVID-19 pandemic has opened a wide door for this sector & it has today acquired the status of prime necessity. Especially “untouched” “disposable” and “use and throw” products like napkins, wet wipes, de-makeup pads will find a big space in the consumer market.
I feel, wet wipes with soap solution will easily be a substitute for washing hands as that will drastically reduce water consumption.
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