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1、India 2047 Vision and strategic roadmap for technical 2023Mohit Bhasin Partner and Global Co-lead for Economic Growth Practice,Government&Public Services(G&PS)Foreword KPMG in IndiaIndia has always been a leading player in the traditional textiles and natural fibres segment.But in the recent times,w

2、e have made remarkable progress in the specialised area of technical textiles as well.Indias leap towards modernisation and its manufacturing competitiveness are the key contributors to the growth of this segment.The world noticed the manufacturing capability of Indian technical textiles during the

3、past 3 years.From being a non-producer of COVID Grade Personal Protective Equipment(PPE),India rose to become worlds second largest producer and exporter of PPEs and N-95 Masks in a period of six months during 2020.Considering technical textiles rapid growth and diverse applications in almost all wa

4、lks of life,we believe that the future of the textile sector is intimately linked with the growth of the technical textile industry which is expected to fuel our Honble Prime Ministers Atma Nirbhar Mission.I would like to put on record the remarkable efforts and initiatives under by the Government t

5、o proactively address the challenges of the industry and facilitate the creation of an enabling environment,such as creation of PLI scheme,National Technical Textiles Mission,development of new HSN Codes,strengthening quality regulation through QCOs,among others.I believe the true potential of techn

6、ical textiles in India is immense.The governments key projects in infrastructure development including PM GATI SHAKTI,highways,railways,irrigation,power,renewable energy,irrigation,healthcare,etc.,presents significant opportunities for technical textiles to be used extensively.In order to further ca

7、pitalize on market opportunities presented by global trade and investment dynamics,India needs to focus creating world-class technical textiles ecosystem,up-skill the workforce,facilitate creation of advanced indigenous technologies&products and foster strategic international collaborations.It gives

8、 me immense pleasure to share with you that we have come up with a report on the technical textile sector,providing a detailed overview of technical textiles landscape at a global and national level.The report provides key insights and interventions required across varied time span to achieve a cons

9、istent growth in the technical textiles in India during the Amrit Kaal.I am confident that this report will be useful for the entrepreneurs,industry players and the Government in understanding the current market scenario of technical textiles and will play a pivotal role in shaping the growth of the

10、 sector as a manufacturing and export hub.I would like to thank Ministry of Textiles&FICCI for providing KPMG this opportunity to present this dynamic report to industry stakeholders at Technotex 2023.India 2047 Vision and strategic roadmap for technical textiles|07 2023 KPMG Assurance and Consultin

11、g Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.08|India 2047 Vision and strategic roadmap for technical

12、textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assur

13、ance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.08|India 2047 Vision and strategic road

14、map for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserv

15、ed.India 2047 Vision and strategic roadmap for technical textiles|09 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English comp

16、any limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee

17、.All rights reserved.Table of contents1.Introduction 102.Global scenario 123.India outlook 22 Domestic market 23 Trade ecosystem 25 Skilling and education ecosystem 28 Specialty and high-performance fibres Backbone of technical textiles 29 Growth drivers 304.Government initiatives to augment technic

18、al textiles 345.Technical textiles 2047 386.Way forward and recommendations 40India 2047 Vision and strategic roadmap for technical textiles|09 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent mem

19、ber firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.10|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the K

20、PMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization

21、of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.01Introduction10|India 2047 Vision and strategic roadmap for technical textiles India 2047 Vision and strategic roadmap for technical textiles|11 2023 KPMG Assura

22、nce and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Servi

23、ces LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Technical textiles are textile products that have technical perf

24、ormance and functionality as their primary focus.The end usage of these products cater to a wide array of sectors including construction,agriculture,aerospace,automotive,healthcare,protective gear,home care,among others.Technical textiles products exhibit enhanced performance over the traditional te

25、xtiles,the products that largely focus on the aesthetics.Technical textile products are manufactured using natural as well as manmade fibres such as Nomex,Kevlar,Spandex,Twaron,etc.These fibres exhibit enhanced functional properties like higher tenacity,superior insulation,improved thermal resistanc

26、e,etc.,and are used in varied industries and applications.The market is divided into the following 12 segments based on their application,with the rise in the dominance of technical textiles.12 segments of technical textilesIndutechHometechProtechMobiltechMeditechPacktechSportechClothtechOekotechBui

27、ldtechAgrotechGeotechIndustrial brushes,computer printer ribbon,composites,ropes and cordages,coated abrasives,drive belts,conveyor belts,etc.Pillows,mattresses,blinds,mosquito nets,carpet backing cloth,filters,vacuum cleaner consumables,etc.Bullet-proof protective clothing,high visibility clothing,

28、fire retardant products,etc.Seat cover,upholstery,tyre cord fabrics,tufted carpet,insulation felts,seat belts,cabin filters,helmets,etc.Contact lenses,baby diapers,sanitary napkins,surgical sutures,surgical disposables,etc.Wrapping fabric,soft luggage,tea bag filter paper,woven jute sacks,etc.Sports

29、 nets,parachutes,artificial grass and turfs,sport composites,hot-air balloons sleeping bags,etc.Interlinings,labels,elastic narrow fabrics,shoe laces,etc.Waste management,environmental protection,recycling.Floor and wall coverings,scaffolding nets,awnings&canopies,etc.Bird protection nets,crop cover

30、s,fishing nets,shade nets,mulch mats,etc.Geo-composites,geo-bags,geogrids,geonets.Introduction12|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of

31、 independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firm

32、s affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.02Global scenario12|India 2047 Vision and strategic roadmap for technical textiles India 2047 Vision and strategic roadmap for technical textiles|13 2023 KPMG Assurance and Consulting Serv

33、ices LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limit

34、ed Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Global marketThe global technical textiles market is estimated at USD212 billion in 202

35、2 and is expected to reach USD274 billion by 2027,growing at a CAGR of 5.2 per cent during 2022-27 backed by increasing global demand for technical textiles across industries and expanding base of new applicative products being developed at a rapid rate.Global technical textiles market,by region(USD

36、 Bn)North America(in USD Bn)Europe(in USD Bn)202252.059.4CAGR:4.6%65.2261.271.3CAGR:5.3%79.320252027Asia Pacific(in USD Bn)LAMEA(in USD Bn)202276.891.2CAGR:6%102.620252027202222.325.0CAGR:3.8%27.020252027North America:The U.S.,Canada,and Mexico;Europe:UK,Germany,France,Spain,Italy,and res

37、t of Europe;Asia-Pacific:China,Japan,India,Australia,South Korea,and rest of Asia-Pacific;LAMEA:Brazil,Saudi Arabia,South Africa,and rest of LAMEASource:Global technical textiles Market(2020-27)-Allied Market Research;KPMG in India analysis.1.Global technical textiles Market(2020-27)-Allied Market R

38、esearchGlobal scenario114|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a

39、private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company

40、limited by guarantee.All rights reserved.The Asia-Pacific region is poised to grow fastest and is valued at USD76.8 billion in 2022,and is projected to grow at an impressive rate with CAGR of 6 per cent to reach USD102.6 billion by 2027.This growth is attributed to sectors including healthcare,autom

41、otive,construction and industrial development apart from enhanced Government focus and increasing application cognisance towards technical textiles in the region.The technical textiles market is segmented based on the following parameters:MaterialThe market is categorised into natural fibre,syntheti

42、c polymer,mineral,regenerated fibre,and others based on raw material used.Currently the market is dominated by synthetics fibre,followed by natural fibres,minerals and others.The natural fibre segment is expected to grow the most with a CAGR of 5.6 per cent in terms of volume during the period 2022-

43、2027.This is attributed to a rise in demand for ecofriendly and sustainable products across industries such as packaging,automotive,healthcare and others.Global technical textiles market,by material,(in 000 kilotons)8.323.34.41.82.51.19.826.55.12.12.91.311.029.05.62.33.21.4202220252027 Natural Fibre

44、 Synthetic Fibre Regenerated FibreMineralMetalOthers5.6%4.5%4.9%5.3%5.1%4.6%CAGR(2022-27)Source:Global technical textiles Market(2020-27)-Allied Market Research;KPMG in India analysis.Global technical textiles market,by material(USD Bn)46.9110.923.610.314.06.755.7127.627.512.116.47.662.7140.630.513.

45、618.28.3202220252027 Natural Fibre Synthetic Fibre Regenerated FibreMineralMetalOthers6%4.9%5.3%5.7%5.5%4.5%CAGR(2022-27)Source:Global technical textiles Market(2020-27)-Allied Market Research;KPMG in India analysis.India 2047 Vision and strategic roadmap for technical textiles|15 2023 KPMG Assuranc

46、e and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Service

47、s LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.ProcessIn terms of processes followed during intermediary stage,te

48、chnical textiles are divided into woven,knitted,non-woven and others.Woven segment accounted for the highest share of 66.5 per cent,followed by Non-Woven(16.3 per cent),Knitted(11.7 per cent)and others(5.6 per cent)in 2022.Global technical textiles market,by process(USD Bn)202220252027WovenKnittedNo

49、n-wovenOthers5.1%5.5%5.8%4.8%142.224.433.712.0164.628.639.813.8182.331.944.615.2CAGR(2022-27)Source:Global technical textiles Market(2020-27)-Allied Market Research;KPMG in India analysis.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the

50、 KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.16|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liab

51、ility Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a

52、member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.ApplicationOn the basis of application,the technical textiles market is categorised into Mobiltech,Sportech,Indutech,H

53、ometech,Buildtech,Meditech,Clothtech,Agrotech,Packtech,Protech,Geotech and Oekotech.Global technical textile market,by application(USD Bn)MobiltechIndutechSportechBuildtechHometechClothtechMeditechAgrotechProtechPacktechGeotechOekotech202220275.5%4.6%5.7%6%4.1%5.8%5.5%5.5%4.2%4.7%6.4%7.3%57.946.245.

54、935.243.532.921.816.315.612.714.812.118.914.215.212.116.512.616.912.93.22.43.92.7CAGR(2022-27)Source:Global technical textiles Market(2020-27)-Allied Market Research;KPMG in India analysis 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of th

55、e KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for technical textiles|17 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Lia

56、bility Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a

57、 member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The technical textile market for Mobiltech application was valued at USD46.2 billion in 2022 and is projected to reac

58、h USD57.9 billion by 2027.This industry is expected to grow due to automobile units catering to a huge established automobile consumer base in Europe,North America and Asia.Key trends and growth drivers The consumer preference towards the strong combination of protective clothing and fashion trend i

59、s driving the demand for smart textiles and nanotechnology.More consumers have now started to prefer technical textiles over traditional textiles as it fulfils their demand for flexible,durable,high-quality and high-strength textiles in various areas such as activewear or medical apparel.Owing to su

60、ch a market trend,various companies are shifting their focus adoption of new engineering technologies,and are increasing consumption of technical textiles.Emerging economies demographic characteristics such as increasing population,rising birth rates and aging population shall continue to boost the

61、demand for hygienic and personal care medical equipment(meditech),as well as buildtech segments.The increasing awareness and preference of nano-fibres and nano-tubes to manufacture lighter and stronger concrete material to make it long lasting in the construction industry,are providing a fillip to n

62、anotechnology with continuous research&advancement in related technical textile materials and its properties.The rapid increase of technical textiles in the applicative areas of modern technology,especially in interconnected biometric garments that helps in data collection from emissions from the re

63、spiratory systems,heart,among others,are catalysing the demand for technical textiles globally.The increasing demand for remote patient monitoring(RPM)is expected to make the wearable technology as one of the most important components in the medical smart textile market.The combination of rising dem

64、and for newer technologies and global focus on sustainability and circular economy are raising the awareness towards use of Geotech and Oekotech solutions in advanced as well as emerging economies.Also,this has raised the hopes of making technical textiles more feasible and affordable for vast comme

65、rcial use in the coming years.With the issue of land degradation being faced globally,Geotech products are increasingly being used to control soil erosion on hillsides and embankments.Additionally,rise in infrastructure projects in the developing economies is playing a key factor driving the market

66、growth.18|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English

67、company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guara

68、ntee.All rights reserved.Global best practicesAt a global level,countries such as USA,Japan,UK,Germany,Israel are positioned as manufacturing hubs for specific segments of technical textiles backed by their strong R&D,technology readiness,among other factors,which has placed them in the list of glob

69、al success stories.Usage of Geotech in European UnionKey drivers include high technology readiness level and robust R&D and university industry linkage.Usage of Protech in Israel Key drivers include high demand from growing defence sector and technology readiness level 7 and above:Reservoir tsunami

70、protection barrier,Tyrol,Austria Geotech barriers used to deflect avalanches from entering the reservoirRunway rehabilitation at Pula Airport,Croatia Mechanically bonded PP nonwoven with fibre glass yarns used to give strength to runway and increase the lifeKit 300It is a high-end camouflage technol

71、ogy with thermal visual concealment material reduce detectability of soldiers to keep pace with evolving challenges on the battlefieldwith evolving challenges on the battlefieldRepair of a cracked road surface,The Netherlands Asphalt system used to reinforce to avoid cracks in roadsRailway protectio

72、n,Portugal For safe use of railways along the Tua river,non-woven materials were used to increase long-term filtration and low clogging risks18|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a

73、 member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for technical textiles|19 2023 KPMG Assurance and Consulting Services LLP,an

74、Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability

75、 Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Usage of Sportech in USAKey drivers include greater footprint of sports and athletics,and presence

76、of major sports brandsHealth and performance monitoring sports wearIn order to improve performance of athletes,heart sensor strap monitors aerobic and anaerobic thresholds Combat vestDifferent versions of vest have been designed for Israel Defence Forces(IDF)for different rolesIoT Recycling processD

77、efence technology designed in Israel uses the IoT to identify the raw material of fabric to strengthen the recycling processHi-tech all-weather sports wearWaterproof woven laminated wear helps in liquid absorption,thermal comfort,UV protection,provides extreme breathability India 2047 Vision and str

78、ategic roadmap for technical textiles|19 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All

79、 rights reserved.20|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a privat

80、e English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limite

81、d by guarantee.All rights reserved.Usage of Agrotech in ItalyKey drivers include sustainability of food systems,value chain and food security.Insect protection netIt offers insect netting as well as enables improvement in microclimate protected environment agriculture Rain protection netThe net prot

82、ects crops from rain but allows adequate airflow,reduces rain passage by 90 per cent and keeps optimal microclimateThermo reflective screen Screens with the addition of the LD additive for light diffusion,they improve the microclimate and reduce the temperature in the protected area High tech sports

83、 uniformHigh tech jacket with heating technology.US athletes in US Winter Olympics,2018 used these jackets20|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global org

84、anization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for technical textiles|21 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnershi

85、p and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of t

86、he KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for technical textiles|21 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Li

87、ability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.22|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Co

88、nsulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an

89、 Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.03Indian outlook22|India 2047 Vision and strategic roadmap for technical t

90、extiles India 2047 Vision and strategic roadmap for technical textiles|23 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English

91、 company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guar

92、antee.All rights reserved.Domestic marketIndian technical textiles market is the fifth largest in the world and stood at USD21.95 billion in 2021-22,with production accounting to USD19.49 billion and imports accounting to USD2.46 billion.In the past five years,Indian technical textiles market has gr

93、own at a rate of 8-10 per cent per annum.The Government is endeavouring to accelerate this growth to the level of 15-20 per cent over the next five years.Globally,the penetration/usage level of technical textiles across different sectors is comparatively stronger than in India.The penetration level

94、of technical textiles in India varied from 5-10 per cent across different application areas compared to 30-70 per cent globally in 2021-22.Indian outlook2Growth factorsRising demand from new application areasInnovation and R&DStandards and guidelinesUseful physical properties of technical textilesGo

95、vernment regulationsClimate change2.Technical Textiles Industry in India:Opportunities and Challenges Baseline Study 2020;Ministry of Commerce&Industry24|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partner

96、ship and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm o

97、f the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Indigenously manufactured technical textiles are anticipated to serve a sizeable market for various end-use industries with focus o

98、n technical properties,innovation,rising demand from a number of industries encompassing almost all areas of manufacturing and infrastructure development.The industry has huge potential for growth,and is expected to grow at a fast pace in the coming years,driven by increasing demand for advanced mat

99、erials and the growing population.Production of Packtech,Hometech,Indutech and Mobiltech were estimated to be the highest in 2021-22.Technical textiles production in IndiaSegmentProduction 2019-2020 (in INR Cr)Production 2021-2022 E*(in INR Cr)Production 2021-2022 E*Agrotech2,2442,7150.38Buildtech4,

100、1965,2630.73Clothtech7,6808,8651.23Geotech1,9582,8190.39Hometech13,23115,4102.14Indutech11,48914,9312.07Meditech5,8917,6771.07Mobiltech7,6699,7801.36Packtech57,61461,1238.49Protech2,8503,5970.50Sportech7,2268,1191.13Total140,30019.49 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited

101、Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for technical textiles|25 2023 KPMG Assurance and

102、Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,

103、an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Trade ecosystemIndias trade of technical textile products has been growi

104、ng strongly and the country has been a net exporter3.Indias exports of technical textile products grew from USD2.21 billion in 2020-21 to USD2.85 billion in 2021-22,registering a growth rate of 28.4 per cent(YoY)whereas imports grew from USD1.7 billion in 2020-21 to USD2.46 billion in 2021-22,regist

105、ering a growth rate of 44 per cent(YoY).Considering the existing global market dynamics,there exists a huge opportunity for India to emerge as one of the key leaders in world technical textile market.By strengthening research and development in strategic areas of technical textiles,upscaling manufac

106、turing and increasing cost competitiveness,India stands a chance to be at par with advanced countries in the world.S.No.CategoryExports(USD Million)CAGRShare(%)---22Short Run(2020-21-2021-22)Medium Run(2017-18-2020-21)1Packtech693.37809.23740.32784.451104.0940.7%

107、12.3%39%2Indutech315.71370.54441.74522.72692.6832.5%21.7%25%3Mobiltech208.68234.7212.48187.22261.3139.6%5.8%9%4Clothtech133.1158.06141.4226.56222.72-1.7%13.7%8%5Hometech130.55115.56130.9125.64136.88.9%1.2%5%6Meditech90.5594.23111.53119.72154.6129.1%14.3%5%7Agrotech71.7485.0485.5989.1893.765.1%6.9%3%

108、8Buildtech6.0411.2814.6117.948.69172.0%68.5%2%9Protech28.5647.3645.9739.4849.3825.1%14.7%2%10Geotech24.1834.931.3327.5135.0627.4%9.7%1%11Sportech91.5287.88100.7773.444.02-40.0%-16.7%1%12Fibre and Filament0.440.761.051.580.81-48.7%16.5%0%Grand Total1794.442049.542057.692215.362843.9328.4%12.2%-Export

109、s at a glance3.207 HSN Codes at 8-digit Level26|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG In

110、ternational Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a pr

111、ivate English company limited by guarantee.All rights reserved.S.No.CategoryImports(USD Million)CAGRShare(%)---22Short Run(2020-21-2021-22)Medium Run(2017-18-2020-21)1Mobiltech631.74693.18576.27501.56806.1860.7%6.3%33%2Indutech647.32661.85599.44505.41733.0845.0%3

112、.2%30%3Clothtech261.61276.2270.7214.53281.231.1%1.8%12%4Hometech364.84342.67331.92196.29257.5631.2%-8.3%10%5Meditech90.23116.984.23113.46140.4723.8%11.7%6%6Packtech83.5985.5880.4259.0784.8843.7%0.4%4%7Agrotech18.6225.830.1836.349.6436.7%27.8%2%8Protech17.0122.117.9425.8621.77-15.8%6.4%1%9Geotech14.5

113、114.1916.3717.0723.1435.6%12.4%1%10Sportech18.218.7813.416.8423.4239.1%6.5%1%11Buildtech13.0516.8416.7512.9122.2572.3%14.3%1%12Fibre and Filament10.4910.598.7912.2616.0430.8%11.2%1%Grand Total2171.212284.682046.411711.562459.6343.7%3.2%-Import at a glanceSource:Ministry of Commerce and Industry 2023

114、 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strate

115、gic roadmap for technical textiles|27 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All ri

116、ghts reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Source:ITC

117、 Trademap Database#HSDescription of goodsCategoryIndia import (USD Mn)-19Share of total technical textile imports in India42%39%187089500Parts and accessories of the motor vehicles of headings 8701 to 8705:Other parts and accessories:Safety airbags with inflater system;parts thereofMobilt

118、ech131.97142.85259032090Other Fabrics Impregnated Laminated Plated And Coated With PolyurethaneHometech88.13114.9359039090Other Fabric Plated Laminated Coated Impregnated With Other PlasticsIndutech69.3887.71459031090Other Fabrics Impregnated,Laminated Plated And Coated With PVCHometech53.1672.03559

119、021090Tyre cord fabric Of nylon or other polyamides:OthersMobiltech77.68145.03654022090High Tenacity yarn of nylon or other polyester(others and textured yarns)Mobiltech52.7557.75756039400Non wovens Other:Weighing More Than 150 g/sqmClothtech43.8450.01859021010Tyre Cord Fabric Of High Tenacity Yarn

120、Of Nylon Or Other Polyamides:Impregnated With RubberMobiltech52.9896.48957032090Carpets and other textile floor coverings,tufted,whether or not made up:Of nylon or other polyamides:OtherHometech28.3319.871056039200Non wovens Other:Weighing Between 25 g/sqm And 70 g/sqmClothtech43.8450.0Hi

121、gh Tenacity yarn of nylon or other polymer(others)(Less than 840 Denier)Mobiltech52.7557.751253101012Unbleached:Containing 100%By Weight Of Jute:Sacking FabricsPacktech21.5828.83Top 12 Technical textiles import716.39930.2Remaining995.21529.4Total1711.562459.6328|India 2047 Vision and strategic roadm

122、ap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserve

123、d.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Skilling and education

124、 ecosystemDynamics of technical textiles curriculum in India and the worldIndia has several strategic enablers aimed towards attaining leadership position and long-term growth in technical textiles.These key enablers establish India as a leading manufacturing hub and a major destination for investme

125、nts.Globalisation,technology advancements,regulatory enforcements and the need to meet high performance standards in technical textiles have led to a greater dependence on education,skilling and capability development of the workforce at all levels.ln this regard,the developed countries have already

126、 taken a lead and their cutting-edge research,production and innovative applications are driven by a set of highly competent and skilled professionals.Therefore,the need of the hour is to bolster the existing curriculum of textile engineering courses offered by the colleges in the country.Institutio

127、ns such as IIT-Delhi,IIT-Bombay,Shri Guru Gobind Singhji Institute of Engineering and Technology(SGGSIE&T),Institute of Chemical Technology(ICT),VTU,DKTE,amongst others are running successful textile technology courses and may take advantage of their existing MoUs with foreign institutes for providi

128、ng training and internships to students.This will enhance their existing knowledge base and provide exposure to global best practices and technology from leading countries in technical textiles.Globally,USA and UK based universities such as University of Texas,NC State University,Arizona State Unive

129、rsity,The University of Manchester,University of Glasgow,etc.have some of the most comprehensive and refined technical textile engineering courses in the world.The degree courses for Bachelor and Master of Engineering in these universities include curriculum on nonwoven processes and products,advanc

130、ed non-woven processing,nonwoven characterisation methods,nonwoven product development,bio-based fibres and specialised fabrics,3D technology,etc.Besides other countries such as Germany,Japan,Sweden also have engineering courses with focus on technical textiles.PlaceDegreeModulesCivil EngineeringTex

131、tilesIIT DelhiB.Tech122,715Textile Technology:Technical1 Textile CourseM.Tech385,263Fibre Science&Technology and Textile Engineering:Technical Textile CourseNIT,JalandharB.Tech118,865Textile Technology:Technical1 Textile Course&Non-woven Technology2M.Tech162,819Textile Engineering and Management:Tec

132、hnicalTextile CourseOther IITs and NITsB.Tech/M.Tech-Modules on:Reinforced Earth and Geotech;Overview of Geotech;Applications of Geotech;etc.Courses/programmes of technical textiles in IITs and NITs Source:Data gathered from respective websites of universities/colleges1 Including Filtration Textile,

133、Geotech,Meditech,Protech,Sportech and Recreation textiles,Mobiltech,Protech,Mobiltech&Agrotech for NIT and IIT.2 Nonwoven Technology:application in Medical and Hygiene,Apparel,Household and Hometech,Geotech,additionally for B.Tech NIT.India 2047 Vision and strategic roadmap for technical textiles|29

134、 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and

135、 Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Specialty and high-performance fibres Backbone

136、of technical textilesSpecialty and high-performance fibres and composites are the backbone of the technical textiles industry,including polyester high tenacity yarn,carbon fibres and ultra high molecular weight polyethylene(UHMPE).These fibres are known for specific/special functional properties ass

137、ociated with high specific physical properties in at least one of the following chemical resistance,tensile strength,limiting oxygen index and operating temperature.From a design perspective,specialty and high-performance fibres offer more design alternatives for various items.They may be applied in

138、 a wide range of industries,including computer and communication applications,biotechnology,and ground and space transportation.High-performance fibres must meet certain requirements in terms of their extreme strength,outstanding high-temperature endurance and distinctive geometrical features,includ

139、ing surface morphology.Major developments in fibre and polymer technologies have led to the development of these criteria.Few of the major specialty and high-performance fibres include aramid fibre,gel-spun polyethylene fibres,carbon fibre,metallic fibres,glass fibre,ceramic fibres,melamin fibre,pol

140、yimide fibre,polybenzimidazole fibre,basalt fibre,boron fibre,optical fibre,high-density polyethylene(HDPE),fluoropolymer,chemically and thermally resistant fibres,among others.In India,various R&D initiatives have been undertaken to develop such a strategic and high-specialty product.Under the flag

141、ship scheme of Ministry of Textiles National Technical Textiles Mission(NTTM)around 24 R&D projects have been undertaken by various premier research bodies and institutes in India for development of specialty fibres including meta aramid and para aramid fibre/fabric(1),carbon fibre/fabrics and appli

142、cations(4),glass fibre and application(2),specialty/functional fibre(2),ultrafine nano fibre and non-woven webs(7),ultra high molecular weight polyethylene(UHMWPE)(4),nylon 66(1),high tenacity/super high tenacity polypropylene(1),and ceramic fibre and applications(2),among others.Specialty fibresPol

143、yester high tenacity yarn(HTY)Carbon fibresUltra high molecular-weight polyethylene(UHMPE)Nylon 6 6,6 IDY Tire Cord,MRG,Twines,Auto parts PP Yarn-Geotextiles,Agrotextiles,etc Glass Fibres Composites Insulation Polyester IDY Geogrids,Tire Cords,MRG Coated Viscose HTY Tire Cord,MRG Meta Aramid-Protect

144、ive gears,Electrical Insulation Fire Resistant Suits Para Aramid Bullet Proof Vests Structural Usage Aerospace Ceramic Fiber Insulation Filtration.Geotextiles Geo-grids Mooring Ropes Tire Cords Automotive Seat Belts Fire Hose Lifting Slings Cargo Straps Conveyor Belts Transmission Belts Aircraft Win

145、gs&Aerospace Car Components Windmill Blades Bike Frame Fuel Tank Medical Components Bullet Proof Jackets Engineered Parts Armored Vehicles Parachutes Yarns Sheets RopesFew of the key high-performance fibres and its applications30|India 2047 Vision and strategic roadmap for technical textiles 2023 KP

146、MG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consult

147、ing Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Growth driversStandards and quality control ordersMinis

148、try of Textiles in India is working with the Bureau of Indian Standards(BIS)to develop and maintain standards for highly specialised and technologically advanced technical textiles products.Over 500 Indian standards have already been developed by BIS and more than 40 are under development for the im

149、provement of technical textiles product quality and boost the domestic production.The Ministry may roll out Quality Control Orders(QCOs)for 59 technical textile products including 19 products of Geotech,12 products of Protech,22 products of Agrotech and 6 products of Meditech,to protect health of pe

150、ople,animals and plants;ensure environment safety;discourage deceptive trade practices and for the national security purposes.Ministry of Textiles is also considering the periodic issuance of QCOs to ensure the production of standardised material and provide user access to high-quality products.The

151、aim is to continuously develop new standards,review existing standards,harmonise Indian technical textile standards with global standards and enforce mandatory compliance for usage in various application areas.In order to lay the foundations of becoming a developed nation by 2047,India must embrace

152、a culture of quality and integrate it into every aspect of its processes.Mandatory usageInstitutional buying and mandatory usage of technical textiles across different line ministries and departments will play a pivotal role in driving the domestic market.The ministries and departments may review ex

153、isting standards,codes,guidelines,SoRs,etc.and examine the different areas in which the use of technical textiles could be made mandatory.Such mandatory provisions may accordingly be incorporated in the relevant standards,specifications,codes,guidelines,SoRs,etc.Identification of areas for usage of

154、technical textiles across flagship schemes and programmes of different line ministries and identifying areas for mandating usage of technical textiles products across Government projects.0104Ministry of Agriculture&Farmers WelfareMinistry of Road Transport&HighwaysMinistry of Water ResourcesMinistry

155、 of ShippingMinistry of Health&Family WelfareMinistry of RailwaysMinistry of Home Affairs0205070306Agro-based products such as insect net,shade net,vermi-bed,micro irrigation pipe,etc in Mission for Integrated Developed of Horticulture(MIDH)Geotextiles&geogrids in construction of roads under Nationa

156、l Investment Pipeline(NIP)Geomembranes,geonets,geobags for water&soil conservation near water bodies under Jal Jeevan MissionGeobags,geotubes and geomembranes at seaports to prevent shoreline erosion under Sagarmala ProgramMeditech products such as adhesive plasters,single use surgical masks,bandage

157、 elastic etc.under National Health Mission(NHM)Geogrids,geostrips&geotextiles in construction of railway tracks etc.under National Investment Pipeline(NIP)Bullet proof jackets,protective-wear,high strength composite material etc.in Strategic Sectors such as Defence,Space and Para-military India 2047

158、 Vision and strategic roadmap for technical textiles|31 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited b

159、y guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights r

160、eserved.Case study:Technical textiles in railwaysTechnical textiles have become an integral part of various industries,including automobiles and transportation.Indian Railways has also begun to utilise technical textiles in various applications to improve its performance and safety of passengers.Tec

161、hnical textiles usage in Indian Railways may further be enhanced as a part of various initiatives under Government of India and Ministry of Railways.Major areas include;AreaRailway body/organisationProspective usage of technical textilesInfrastructure development,railway construction RITES Ltd.IRCON

162、Geotech:Geogrids used for reinforcement/stabilisation and for reducing stress and Geobags for railway tracks.Geocell for railway embankment applications to improve the load support capacity of soft subsoil.Geo-composite drain for construction of new embankment over soft subsoil.Geonets as filters,se

163、parators,and facilitators in channelising water through lateral drainage,reinforcement of rail tracks for stress reduction.Prefabricated vertical drains that force water out of the soil matrix,facilitating soil consolidation.Geosynthetic encapsulated column(geotech/geogrid)for railway tracks to incr

164、ease load carrying capacity and decrease the vertical deformation Geo membrane for tunnel lining to restrict fluid seepage and reinforced geomembrane to protect railway tracks from wear&guard the foundation against seepage.Jute geotech for slope stabilisation of railway embankments and hill slopes a

165、long railway track,for riverbank protection and railway track construction.Protech:High visibility warning clothing for workers in railway construction for protection against heat,fire,chemicals,and to provide high visibility for employees working in low-light.Dedicated freight corridor DFCCILDevelo

166、pment of railway stations RLDA IRSDC Road over/under bridges/subways KRCLCoaches and wagons Railway production units Railway wagon manufacturing units RITES Ltd.COFMOW BCLComposites:Composite seats,ceiling panels,composite doors,body side panels,floor covering,cab fronts and body ends,etc.in railway

167、 coaches.Hometech:Upholstery in the coaches of passenger trains seat covers and berth coversProtech:Fire retardant curtains and blinds in the passenger coach Fire treated bedroll,bedsheet and pillow in the passenger coach Fire Retardant(FR)fabric in the passenger coach.India 2047 Vision and strategi

168、c roadmap for technical textiles|31 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All righ

169、ts reserved.32|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private Eng

170、lish company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by

171、guarantee.All rights reserved.AreaRailway body/organisationProspective usage of technical textilesConstruction of multi-functional complexes(MFCs)and railway colony RLDABuildtech:Scaffolding nets,tarpaulins,awnings and tents in construction work Polyester matrix(IS 16481)polyesterProtech:Mosquito re

172、pellant nettingTerritorial Army,Railway Protection Force Railway Engineers RegimentsProtech:Bulletproof jackets Rain ponchos Haversacks Mosquito repellant nettingClothtech:UniformsMedical services Indian Railway Medical ServiceMeditech:Meditech dressings/bandages/plasters;absorbent cotton ribbon gau

173、ze;surgical gowns,surgical drapes and surgical masks etc.Multi-modal logistics support CONCORComposites:Composite material or carbon fibre for shipping containers Indutech Webbing slings for lifting purpose or handling loads on port.32|India 2047 Vision and strategic roadmap for technical textiles 2

174、023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and str

175、ategic roadmap for technical textiles|33 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All

176、 rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2

177、047 Vision and strategic roadmap for technical textiles|33 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limite

178、d by guarantee.All rights reserved.34|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG Internationa

179、l Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private Engl

180、ish company limited by guarantee.All rights reserved.04Government initiativesto augment technical textiles34|India 2047 Vision and strategic roadmap for technical textiles India 2047 Vision and strategic roadmap for technical textiles|35 2023 KPMG Assurance and Consulting Services LLP,an Indian Limi

181、ted Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnershi

182、p and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Given the importance of technical textiles across different sectors,the Government undertook various dynamic i

183、nterventions and initiatives to augment the segment end-to-end.Some of the key interventions undertaken by the Government.Current initiatives of the Government a.National Technical Textiles Mission(NTTM)It is the flagship scheme of the Ministry of Textiles with an outlay of INR1480 crore and launche

184、d for the period 2020-21 to 2023-24.The objectives of the scheme are to improve penetration level of technical textiles and upgrade skillsets of the workforce,promote technical textiles usage in various flagship schemes and missions,develop products,indigenous machineries and equipment for technical

185、 textiles in order to boost Make in India as well as enable competitiveness of the industry,and position India as the global leader.The scheme is divided into four components,namely:(i)Research,Development&Innovation(INR1000 crore);(ii)Promotion&Market Development(INR50 crore);(iii)Export Promotion(

186、INR10 crore);and(iv)Education,Training and Skill Development(INR400 crore).Key initiatives undertaken under NTTM include:Approved 89 research proposals worth INR265 crore in different application areas of technical textiles including Geotech,Agrotech,Specialty fibres,Protech,Sportech,Sustainable Tex

187、tiles etc.,as of January 2023.Launched guidelines to support indigenous development of tools,equipment,testing instruments and high-end machinery for technical textiles in India and establish an indigenous platform for domestic design,development and manufacturing.Guidelines to support startups and

188、young scientists in the application areas of technical textiles is being formulated.Mega events and conclaves conducted to promote technical textiles including International Conference on Technical Textiles:Creating the Winning Leap in Technical Textiles on 12 March 2022 with CII,5th National Concla

189、ve on Standards for Technical Textiles on 10 June 2022 with FICCI,Technical Textiles Conference:Geotech&Agrotech at Imphal on 23 August 2022 with ICC,National Conclave on Technical Textiles Protech on 16 November 2022 with NITRA&ITTA,and International Conference on Technical Textiles at Chennai on 2

190、526 November 2022 with CII.Development of a Mega Demonstration Centre for Agrotech at Navsari Agricultural University(NAU),Gujarat spanning across 10,000 sq.m.The goal of the centre is to increase the Agrotech product adoption and market demand by demonstrating the application of agrotech in improvi

191、ng productivity and quality of horticulture and floricultural produce.SRTEPC has been assigned the role of the Export Promotion Council for promotion of technical textiles.Launched a two-week pilot skill development training course on geo-synthetics application in collaboration with IIT Madras,IIT R

192、oorkee and IISc Bangalore during 17-28 January 2022.A total of 124 design engineers registered for the pilot skilling programme.Launched General Guidelines for Enabling of Academic Institutes in Technical Textiles-For Private&Public Institutes,covering funding support for enhancement and upgradation

193、 of laboratory equipment,training of lab personnel and specialised training of faculty members of the relevant department/specialisation in the university/institute,with respect to the undergraduate(UG)and postgraduate(PG)degree programmes across different areas of engineering.4.Ministry of Textiles

194、,Government of IndiaGovernment initiatives436|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG Inte

195、rnational Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a priv

196、ate English company limited by guarantee.All rights reserved.Launched General Guidelines for Grant for Internship Support in Technical Textiles(GIST).The implementation of the GIST guideline shall be conducted in two phases,(i)Empanelment of the eligible companies,(ii)Internship Programme,wherein a

197、grant of up to INR20,000 per student(B.Tech students in 2nd/3rd/4th year of the relevant departments/specialisations of eligible private/public institutes)per month shall be provided to the empaneled companies,subject to the maximum period of two months of funding support for internship period.To pr

198、omote industry usage and broaden application areas of Geotech and to encourage its adoption across various programmes,projects and missions under User Ministries and Departments,in this regard the Honble Minister of Textiles chaired a meeting on 24 March 2022,“Broadening Application areas of Geotech

199、 with User Ministries and Manufactures”,with participation from the representatives of line ministries,industry representatives and industry associations.b.Production Linked Incentive(PLI)scheme for textilesIn order to promote domestic production of technical textiles,Production Linked Incentive(PLI

200、)scheme was launched,in addition to MMF fabrics and MMF apparel.Of the 67 applications received,17 applications received exclusively for technical textiles with projected investment of INR6,351 crore and 16 applications received in combination of technical textiles with projected investment INR5,517

201、 crore.d.Quality Control Regulations107 items identified to be brought under regulation to ensure quality:QCOs for 19 Geotech,12 Protech,22 Agrotech and 6 Meditech items are already under issue.48 items of Meditech under CDSCO regulation.c.PM MITRA SchemeTo boost the overall textile industry and val

202、ue chain,especially MMF and technical textiles,Ministry of Textiles launched PM Mega Integrated Textile Regions and Apparel Parks(MITRA)Scheme with an overall outlay of INR4445 crore over a period of seven years up to 2027-28.Under the scheme,development of integrated large scale and modern industri

203、al infrastructure on overall textile value chain including Spinning,Weaving,Processing,Garmenting,Textile Manufacturing,Processing,and Printing Machinery Industry,is focused.So far,13 proposals have been submitted by different state governments including Maharashtra,Gujarat,Karnataka,Andhra Pradesh,

204、Rajasthan,Odisha,Madhya Pradesh,Telangana,Punjab,Chhattisgarh,Uttar Pradesh,Bihar and Tamil Nadu.India 2047 Vision and strategic roadmap for technical textiles|37 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization

205、 of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member f

206、irms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.e.New HSN CodesIn addition to 207 identified technical textiles items in 2019,development of 30+new HSN Codes dedicated to technical textiles products:30 HSN Codes/Tariff Items introduc

207、ed as per Finance Bill 2022 2 HSN Codes/Tariff Items revised as per Finance Bill 2022 5 HSN Codes as per the Seventh edition of the HSN nomenclature HS-2022 which came in effect on 1 January 2022.f.Standards in technical textilesDevelopment of more than 500 BIS standards for technical textiles.In ad

208、dition,more than 50 standards are in the process of development.g.Mandatory usage of technical textilesCurrently,119 technical textiles products have been identified for mandatory usage across ten Central ministries/departments to derive the benefits of technical textiles in various fields of applic

209、ations.So far,notifications for mandatory use have been issued for 68 products by the line ministries.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG Internation

210、al Limited,a private English company limited by guarantee.All rights reserved.38|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent mem

211、ber firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated wit

212、h KPMG International Limited,a private English company limited by guarantee.All rights reserved.05Technical textiles 204738|India 2047 Vision and strategic roadmap for technical textiles India 2047 Vision and strategic roadmap for technical textiles|39 2023 KPMG Assurance and Consulting Services LLP

213、,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liabi

214、lity Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Considering the global market dynamics for technical textiles,there are a plethora of opportuni

215、ties for India to tap into unexplored export markets and domestic potential.Emphasis needs to be on strengthening R&D in strategic areas,upscaling commercialisation and increasing cost competitiveness,policy support,etc.to position India as a leading and emerging nation for technical textiles,especi

216、ally in Specialty fibres,Composites,Geotech,Meditech,Agrotech.#Criteria of Indian technical textiles20471Total market size(USD billion)21.95*45*123*309*2Total exports(USD billion)2.85#6*16*50*3Growth rate(CAGR in%)*9%*15%*12%*8%*4Penetration level(%)5-10%*13-20%*25-35%*40-60%*Technica

217、l textiles market 2047 at a glance*Estimated;#Actual;*With respect to previous periodNote:Market size is evaluated using pegged growth rates at 15%till 2026-27;12 per cent till 2035-36;&8 per cent till 2047-48Technical textiles 204740|India 2047 Vision and strategic roadmap for technical textiles 20

218、23 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Co

219、nsulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.06Way forward and recommendations40|India 2047 Vis

220、ion and strategic roadmap for technical textiles India 2047 Vision and strategic roadmap for technical textiles|41 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPM

221、G International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,

222、a private English company limited by guarantee.All rights reserved.To achieve the technical textiles vision 2047,a slew of collaborative efforts is required across areas including R&D,investment and export promotion,market development and linkage,skilling and education,among others:Thematic pillars

223、driving Indian technical textiles 20472022-47Strengthening R&D and Skilled Workforce in Technical TextilesBuilding world-class Infrastructure and strong value chainProjecting India as a Market for High-Value and High-Growth products through Innovation and InvestmentsPositioning Indian Brands as Glob

224、al Champions&Preparing Industry to create customer specific productsIndia-Emerging as Global Hub for Technical TextilesTechnical Textiles to be a Thrust Sector for Indias Vision 2047Textiles Knowledge Hub for National Tech Creation and IPR Sharing Robust R&D in Strategic areas High-performance fibre

225、s,Machines,etcDemonstration Centers and Kiosks displaying usage of technical textiles applicationSelf-sustaining Indigenous supply chain Reduce Import IndependenceRestructuring Existing Textile Research Associations(TRAs)&COEsGlobal positioning and Branding Technical Textiles India(Similar to Wool M

226、ark)International Collaborations for Curriculum Development,Skilling,and Capacity BuildingHarmonization&Rationalization of Technical Textiles HSN CodeEmphasis on Investment Promotion and JVs in strategic areasAtma-Nirbhar High-Tech and High-Value traded productsPLI-modeled Schemes on regular interva

227、lsGlobally aligned Standards&Regulatory mechanismsSupport to Technical Textiles recycling industry,etc.Institutional buying&Mandatory Usage across Central/State Ministries/DepartmentsCreation of Incubation Centers for supporting StartupsStrategic InterventionInfrastructure InterventionPolicy Interve

228、ntionWay forward42|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private

229、 English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited

230、 by guarantee.All rights reserved.In order to achieve consistent growth in technical textiles in India,various measures and interventions are required in the short-term,medium-term and long-term,especially around(1)Policy,infrastructure,technology and investment(2)Labour productivity and quality(3)R

231、esearch and innovation(4)Sustainability(5)Marketing and brand promotion;(6)Other specific interventions:Short-term actions(2026)Medium-term actions(2035)Long-term actions(2047)Policy,Infrastructure,Technology&Investment PLI-modelled schemes on regular intervals,with special emphasis on technical tex

232、tile products and value chain Facilitation of PPP modelled Centre of Excellence with focus on designing,market linkages,capacity building,testing centres,research on sustainable materials and technology upgradation support in technical textiles Encouraging user education about implicit benefits of t

233、echnical textiles through setting up of demonstration centres and awareness drives across industrial centres Promoting joint ventures for creating indigenous machinery manufacturing hub in technical textiles Creation of incubation centres and encouragement of start-ups for entrepreneur development i

234、n technical textiles.Establishing world class laboratory infrastructure with focus on technical textiles products in line with international quality standards Setting up regional marketplace across key clusters for enhancing logistical ease and providing ample trade opportunities(for domestic market

235、 and exports)Dedicated measures to enhance the access of domestic companies to foreign technologies along with development of advanced indigenous technologies in technical textiles.These may include partnerships between industries and government laboratories,incentives,in the form of tax concessions

236、 and subsidies;joint ventures between foreign companies and Indian partners;and judicious development of an intellectual property regime to enable more collaborative innovation.Promoting setting up of large-scale integrated fabric manufacturing units,relevant to technical textiles.Encouraging MSMEs

237、to adopt leasing/renting model,whereby leading international technical textile machinery manufacturers provide select technologies and machinery through financial lease.Development of neo-cluster models-product hub and spoke models with main clusters as hub including various craft product types and

238、micro-clusters as spokes to strengthen the entire ecosystem.This model can be considered at state/regional level to ensure holistic value chain development for technical textiles.Focus on development of dedicated export-oriented industrial clusters in coastal states and domestic industrial clusters

239、in interior and remote areas.India 2047 Vision and strategic roadmap for technical textiles|43 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limi

240、ted,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English co

241、mpany limited by guarantee.All rights reserved.Short-term actions(2026)Medium-term actions(2035)Long-term actions(2047)Labour Productivity&Quality Making labelling mandatory for all types of textile and apparel manufacturers(technical textiles,etc.),indicating essential information such as fibre com

242、position,quantity in terms of weight,dimensions,care instructions/washing instructions/drying and other instructions,technical properties/specifications viz.counts/CSP,denier/filament/twist,etc.Adopting and popularising international quality management systems and standards e.g.ISO,ASTM,TQM and Six

243、Sigma for Technical Textiles products Dedicated skilling programmes for value chain,with state-specific approach to prevent migration Focus on creating future ready and super skilled workforce in areas including robotics,3D printing,AI etc.,including sub-segments of technical textiles Identification

244、 of select districts and involvement of SHGs/non-government organisations(NGOs)by providing them training,especially for Agrotech.Large scale technology adoption and upgradation with focus on high-growth product segments such as specialty fibres,and high-tech segments such as Mobiltech,Protech,Build

245、tech,Indutech,etc.Initiating Mission Quality for developing quality marks/labels based on conformance to the defined quality standards and Quality Control Orders(QCOs)for technical textiles Creation of technical textiles knowledge hub,centres of excellence for national technology creation and IPR sh

246、aring Large-scale capacity building for high wage,highly skilled workforce with tech-enabled interventions Development of state-of-the-art training centres for skilling,upskilling of technical textiles related workforce Development of curriculum and laboratory infrastructure in line with global stan

247、dards in technical textiles Collaborating with international and National Institutes for Training of Trainers in technical textiles.Focus on creating a national network of testing laboratories near all key clusters having quality and productivity norms for technical textiles value chain Creation of

248、labour market information portal for providing real-time information on vacancies and availability of competent manpower across the value chain.In addition,leveraging the portal for undertaking skill development initiatives as per the changing industry needs.Research&Innovation Restructuring of Text

249、iles Research Associations(TRAs)Identification of testing infrastructure gaps in India Facilitation of academia Cluster level craft-form collaboration for product designers from National Institute of Design(NID),National Institute of Fashion Technology(NIFT),etc.,as a part of curriculum to ensure th

250、e artforms are market relevant Laboratory,testing and product development infrastructure,especially for technical textiles,across premier government engineering institutes in India,especially in Tier 2 and 3 cities Setting up technology incubation centres in all key clusters in collaboration with pr

251、emier institutes and research bodies.Infrastructural and mentoring support to institutions and startups for R&D on affordable products Consistent support for R&D on mission mode for technical textiles.44|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consultin

252、g Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian

253、 Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Short-term actions(2026)Medium-term actions(2035)Long-term actions(2047)Research&

254、Innovation Future ready technology large-scale technology upgradation Support for technical textiles machinery development with longer gestation period Strengthening research and innovation in circular textiles processing,manufacturing,testing&design and sustainability in textiles materials and proc

255、esses.Driving design ideation and innovation in collaboration with global institutes Textiles knowledge hub and CoEs for national tech creation and IPR sharing.Sustainability Introducing Harit-Bharat(Greening India)certification in technical textiles industry Green Fund for environmentally sustainab

256、le technologies(as part of National Textiles Fund)Establishing national system of recycling-detailing mechanism&SoPs by offering preferential benefits Special support for technical textiles recycling industry and effluent treatment plants Formulating a 10-year roadmap to promote the adoption of gree

257、n technologies using technical textiles Supporting industry in seeking strategic alliances with global initiatives such as OEKOTECH standard,Fashion for Good,Global Recycling Standard(GRS),Zero Discharge of Hazardous Chemicals(ZDHC),CEO Water Mandate,Canopy Style Initiative(Canopy)and Textile Exchan

258、ge Preferred Fibre Benchmark.Developing climate resilience technologies and products with support of national institutes,especially replacement of rubber and plastic products with technical textiles.Focus on R&D initiatives,including development of technical textiles through recycled materials,usage

259、 of eco-friendly natural fibres,etc.Marketing&Brand Promotion Focus on global positioning and branding Technical Textiles India(similar to Wool Mark)Establishing dedicated retail hub India mart across key global fashion hubs for promoting Indian technical textiles Increasing awareness about Governme

260、nt e-Marketplace(GeM)platform and supporting technical textile MSMEs to get onboarded Conducting and participating in international workshops,events,summits,expos for different sub-segments of technical textiles across India Creating cloud-based platform for digitally mapping supply chain of textile

261、s for facilitating business transactions Supporting enterprises in digital cataloguing,creating digital kiosks and websites for usage of technical textiles Setting up wholesale markets for technical textiles industries at regional level to house textiles products from all the states across the value

262、 chain Developing strategy to target emerging markets such as ASEAN(Vietnam,Indonesia),WANA(Egypt,Turkey,Saudi Arabia),Oceania(Australia),CIS(Russia),NEA(South Korea)and LAC(Brazil,Chile,Colombia,Peru)for exports Marketing support for 40-50 global champions for establishing presence in international

263、 market Improved penetration through e-commerce,transforming unorganised to organised market infrastructure,with special focus on promoting and leveraging Open Network for Digital Commerce(ONDC)for technical textiles MSMEs Focus on creating a national network of testing laboratories near all key clu

264、sters having quality and productivity norms for technical textiles value chain.India 2047 Vision and strategic roadmap for technical textiles|45 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent me

265、mber firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated wi

266、th KPMG International Limited,a private English company limited by guarantee.All rights reserved.Short-term actions(2026)Medium-term actions(2035)Long-term actions(2047)Marketing&Brand Promotion Connecting with international and regional industry associations and technical textiles associations to i

267、nvite global companies to invest in India.Creation of demonstration centres and kiosks to display physical and virtual usage of different technical textiles application areas across major cities in India.Creation of labour market information portal for providing real-time information on vacancies an

268、d availability of competent manpower across the value chain.In addition,leveraging the portal for undertaking skill development initiatives as per the changing industry needs.Other Specific Interventions Focus on undertaking regulatory reforms for supporting the usage of standardised technical texti

269、le products(for instance installation of airbags according to international standards)Rationalisation of HSN Codes dedicated for technical textiles.Also,aligning HSN Codes with national and international standards Promoting promotional videos across national and international forums on usage,benefit

270、s,etc.of different application areas of technical textiles Increased industryacademia connect and linkages for development of indigenous technical textiles Leveraging PM Gati Shakti initiative to catalyse industrial development,including identification of new textile clusters for reducing supply cha

271、in,boosting demand for technical textiles and logistical cost Coordination with Ministry of MSME and Ministry of Finance for leveraging online available resources to grade the performance of technical textile enterprises and assess credit worthiness.Driving the demand of technical textiles through i

272、nstitutional buying and robust inter-ministerial coordination for wider usage of technical textiles,especially in Ministry of Railways(MoR),Ministry of Road Transport and Highways(MoRTH),Shipping and Waterways(MoPSW),Ministry of Jal Shakti(MoJS),Ministry of Ports,Ministry of Defence(MoD),Ministry of

273、 Agriculture and Farmers Welfare(MoAFW),etc.Identifying and highlighting opportunities in various flagship programmes,missions,including the strategic sectors in India.Development of mechanism for comprehensive and proper recording of technical textiles production,investment,etc.database.Harmonising

274、 technical textile standards and regulations in line with global best practices Inclusion of dedicated incentives(fiscal/non-fiscal)across states industrial and segment-specific policies Focus on undertaking targeted technical textiles investment promotion catering to critical segments of value chai

275、n and attracting investments in textiles parks and clusters Developing a state level textiles rating system covering all technical textiles value chain components to promote healthy competition among states.Leveraging Virtual Reality and other state-of-the-art digital platforms(E.g.:Metaverse)for ma

276、rket promotion and access to new markets.46|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG Intern

277、ational Limited,a private English company limited by guarantee.All rights reserved.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a privat

278、e English company limited by guarantee.All rights reserved.AcknowledgmentsAcknowledgement to authors:Goutham Jain Rohit Singh Disha Acharya Kritika BhasinDesign and Compliance:Sameer Hattangadi Shveta Pednekar46|India 2047 Vision and strategic roadmap for technical textiles 2023 KPMG Assurance and C

279、onsulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.India 2047 Vision and strategic roadmap for techn

280、ical textiles|47 2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2023 KP

281、MG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Elias George National Head Gove

282、rnment&Public Services(G&PS)E:Mohit Bhasin Partner and Global Co-lead for Economic Growth Practice,G&PS T:+91 95608 81777E: KakkarJoint DirectorT:+91 96542 58258E:KPMG in India contacts:FICCI contacts:The information contained herein is of a general nature and is not intended to address the circumst

283、ances of any particular individual or entity.Although we endeavour to provide accurate and timely information,there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future.No one should act on such information without

284、appropriate professional advice after a thorough examination of the particular situation.The views and opinions expressed herein are those of the quoted third parties and do not necessarily represent the views and opinions of KPMG in India.KPMG Assurance and Consulting Services LLP,Lodha Excelus,Apo

285、llo Mills Compound,NM Joshi Marg,Mahalaxmi,Mumbai 400 011 Phone:+91 22 3989 6000,Fax:+91 22 3983 6000.2023 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization.This document is meant for e-communications only.(024_THL0223_SP)Follow us on: beyond