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Automation: A stitch in time
In most sectors of textile manufacturing, automation is one major key to quality improvement and cost competitiveness. Early modernisation and technical developments in textiles concentrated on the automation of individual machines and their processes.
Indian textile machinery sector has stagnated in R&D: TMMA AGM
The Textile Machinery Manufacturers’ Association (India) (TMMA), Mumbai, organised its 57th Annual General Meeting on September 22, 2017 at Four Seasons Hotel, Mumbai. Dr SM Istiaque, Director, IIT, New Delhi was the chief guest for the event. R Rajendran, Chairman, TMMA, delivered the speech during the AGM.
Textile machinery output dips 5%, import up 1,447 cr
In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.