Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
Browsing: Automation
Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
Stäubli is presenting numerous highlights from its extensive range of products for the weaving industry. Represented in the Indian textile market since 1947 and established with a company-owned liaison office in India since 1996, Stäubli has been an important supplier to numerous local weaving mills for decades. Stäubli machines incorporate state-of-the-art technology and stand out by virtue of their impressive service life, simple maintenance, and easy integration.
Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market. It is forecasted to grow at a CAGR of 14.02 per cent till 2018. It is expected to reach to $207.5 billion in 2015. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. China is leading in the field of textile exports today because they installed a large set-up for spinning and weaving industry. One of the major trends in the global textile machinery market is the growing number of technological innovations.
Bigger, Better, Bolder: India-ITME Society, organisers of the ITMEs, by their own words, has struck the keynote for the 10th India-ITME 2016 edition, which is poised to scale a new peak of achievement by the sheer number of exhibitors, visitors and the space. The biggest achievements are the new exhibitors and the number of roadshows India-ITME Society has done to promote ‘Make in India’ – a dream project of the Modi-led Government. There were a total of 23 roadshows, including in some important Asian countries like Vietnam, Indonesia and Thailand.
India-ITME 2016, the most prestigious textile technology and engineering business event, will be held from December 3-8, 2016 at Bombay Convention & Exhibition Center, Mumbai. The event plays a pivotal role in strengthening the domestic as well as international textile industry by facilitating exchange of knowledge, technology transfer, and encourages FDI, JVs, etc. Conceptualised in 1979, India ITME event has become a backbone of textile and textile engineering industry in India.