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The year that was
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
Machinery import soars as local high-tech R&D front limps
Good news: Textile machinery production has gone up by 15 per cent in 2013-14 out of which spinning machinery´s contribution is over 50 per cent. Bad news: Textile machinery import is still soaring, and attempt to produce high-tech machines in India is a non-starter.
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