Domestic technical textiles Industry Segment-wise consumption of ...

2013. The market potential in 2012 – 2013 is estimated at Rs 150 crore. An inflationary increase of
5% is considered for estimating the market size.
Key manufacturers of Hook & Loop fasteners
Sky Industries Limited is the largest manufacturer in India with over 50% market share. The company
exports around 15% of its produce to USA (over 40%), Turkey (over 25%), Venezuela, UK and
Sweden (6-8% each), Kenya, Tanzania, Srilanka and other European countries. Sky Industries had
also worked towards successful implementation of anti-dumping on narrow woven fabrics originating
in or exported from China and Chinese Taipei.
Manufacturer Year Sales Quantity
(lakh m)
Value
(Rs crore)
Unit Price Installed
capacity
Sky Industries 2007-08 904.96 34.61 Rs 3.82/m 924 lakh meters
The other manufacturers in this industry are
• Siddartha Filaments Private Limited, Surat
• Siddartha Magic Tapes Private Limited, Gujarat
• Magic Fasteners Private Limited, Rohtak, Haryana.
Imports & Exports of Hook & Loop fasteners
The estimated import figures for H&L fasteners are as given below:-
HS Code* Description
58063990, 58061000,
59119090, 58089090,
39269099, 54073090,
58063200, 58069190
Source: Capitaline, Annual reports, Industry survey
VELCRO TAPE, LOOP
TAPE, HOOK AND
LOOP FASTENER,
ETC.
Imports
(Quantity)
Imports
(in Rs crore)
2007-08(E) 2007-08(E)
Approx 20
million meters
~ Rs 9 crore
Source: IBIS, IMaCS Analysis
* Around 95% of imports take place under the mentioned HS codes
Hong Kong (30%) and Taiwan (40%) contribute around 70% to the total imports, whereas China
contributes around 5% and Vietnam around 6%. Countries like Italy, USA, Denmark & Germany
each have a share of 2-3% in the H&L fastener imports in India.
The estimated export figures for H&L fasteners are as given below:-