On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
Browsing: Automation
Automation helps textile machine builders to execute functions at various stages of production as yarn spinning, weaving, knitting, sewing, dyeing, etc. more precisely.
During CS 2019-20, cotton production is estimated to have increased by 13.6 per cent to 6 million tonnes during CS 2019-20 on account of higher yields backed by favourable monsoon conditions.
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.
Our strategy should be focused on conquering the larger pie of the textiles and apparel segment in the international market, writes Avinash Mayekar of Suvin Advisors.
As economy is slowly and steadily opening up despite the COVID-19 pandemic scare, export companies need to start evaluating the whole scenario so that their products and services overseas grow faster and do better, says Leo Shastri, Director – Operations & Strategy, Usha Exim.
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.