Packtech Industry in India : A Promising Future

By : Asiya Chaudhary , Gulfishan Akhtar

Page No: 191-205

Abstract
Innovative products and technologies, nowadays multi-functional fibres and high-performance materials are emerging and are commonly known as Technical Textile, is an advanced technology upcoming sector that is gaining ground in India. Based on usage, there are 12 Technical textile segments, i.e. Agrotech, Meditech, Clothtech, Hometech, Packtech, Protech, Geotech, Indutech, Buildtech, Sporttech, Oekotech and Mobiletech. This sector has become significant due to the rising per capita income of consumer, increasing flexibility and recognition of products, expansion of industry sectors, government’s FDI promotion initiatives, investment promotion scheme by the government etc. The objective of the present study is to evaluate and analyse the production of various segments of Technical Textile industry. Furthermore, an attempt has been made to find out which segment helps in the growth of the industry and strengthens the country’s inherent competitive advantages in manufacturing field. One-way ANOVA and Multiple Comparison Technique have been applied to find out if there is statistically any significant difference across various segments of Technical textile, covering the period of 12 years i.e 2004–05 to 2015–16. The result reveals that there is only one pair of group whose mean significantly differ at the 0.05 significance level from each other, i.e., Packtech industry, whereas, Clothtech, Geotech, Indutech, Sporttech, Buildtech, Mobiletech, Hometech, Meditech, Protech, Agrotech and Oekotech segments in each group differ insignificantly from each other.

Authors :
Asiya Chaudhary : Professor, Department of Commerce, Aligarh Muslim University, Aligarh (UP), India-202002.
Gulfishan Akhtar : Research Scholar, Department of Commerce, Aligarh Muslim University, Aligarh (UP), India-202002.
 

DOI: https://doi.org/10.32381/PROD.2020.61.02.7