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Growth opportunity for Indian textile industry
Except spinning, majority of the textile and apparel machinery demand of India is being fulfilled through imports, especially for investments in latest technology machines by large/organised mills.
Retech invests in continuous innovation
Construction work on the new logistics centre, at Retech’s headquarters in Meisterschwanden, started at the end of February, shortly before the coronavirus pandemic outbreak.
Earn more money with Rieter Compact-Spinning System
The Rieter compact-spinning system with the high-performance card C 80, comber E 90, ring spinning machine G 38 and the compacting device COMPACTdrum is known for very good yarn quality, the highest possible level of flexibility and low production costs.
Go beyond FTAs
According to a report of analytics firm Fitch Solutions, Asia is expected to remain a dominant player in garment production over the coming decade even as China looks to reduce its apparel manufacturing operations and move up the value chain. In spite of this, India and Indonesia, which offer low-cost cheap labour and large domestic markets, may not be able to take advantage of the situation due to the lack of conducive business conditions.
Spinning: A comeback tale
Despite uncertainties in the market created by Covid-19, the textile spinning and machinery and accessories industry is bouncing back with reported rise in orders.
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