The year 1959 was a memorable one. It saw the genesis of parent company (Texsspares Machine Works) – a star was born on the horizon of textile-based machinery manufacturers. Over a time spanning over four and a half decades, we have established an identity, carving for ourselves a niche in the corporate world of man-made fibre, VFY polyester and sewing thread industry because of our excellent machines, backed by exemplary post sales service.
Month: January 2019
Over the last four decades, the company’s brand, SELCO has achieved a valued position in customer’s minds across various industries
Jyoti Cotspin is equipped with latest machinery from Truetzschler – it has two blow-room lines and 24 Truetzschler cards including 6 cards with IDF2 technology.
With its flexible ALPHA 500 series of weaving systems, Stäubli allows carpet mills to follow the trend of outdoor carpeting, economically producing good quality while benefitting from high productivity.
The calendar year 2018 had been one of the most challenging years for the textile industry due to the impact of GST on the MSME sector (especially on the textile hubs like Surat, Bhiwandi, Ludhiana, Erode and many others), higher raw material prices, severe liquidity crisis post Punjab National Bank scam and subdued fabric demand.
In FY18, the domestic MMF industry in volume terms stood at 2,506 million kg. Domestic MMF demand witnessed an uptick of about 3.6% in FY18 on account of release of pent-up demand post the demonetisation and GST implementation.
In the year 2018, textile industry has seen some improvements from the setbacks faced due to demonetisation and GST. Now each and every textile manufacturer, trader and entire value chain have accepted and understood that GST is now a part of the system, and they have to move forward with GST as applicable for their sector.