Browsing: Automation

Fadis was founded in 1960 with the purpose of manufacturing textile machines such as rewinders, soft winders, assembly winders, hank to cone winders, reeling machines, spooling machines and intermingling machines, which are meant to process all types of yarns such as cotton, wool, silk, artificial fibres, synthetic fibres, mixed fibres, intermingled yarns, fancy yarns.

Incorporated in 1974, Lakshmi Ring Travellers (Coimbatore) Limited (LRT) is a market leader globally in ring travellers and catering to the requirements of more than 4,500 spinning mills in over 40 countries. While speaking during an exclusive interaction with the ITJ, JM Balaji, Head – Marketing, LRT, says, “Being the global market leader in this business, LRT has been consistently growing in the global market year on year. Main reason for LRT’s success is the product performance, quick deliveries and excellent after sales service.”

Ahmedabad-based Prashant Group of Companies first ventured into several textile manufacturing business in 1987. The Group has been enjoying the No. 1 position in weaving preparatory. All machines—right from warping machine, direct warper to sectional warper, sizing machine, material handling equipment and all other machineries—are manufactured at its Ahmedabad plant, under joint venture with various US and European companies that include Prashant Gamatex, Prashant West Point Machinery, Prashant Ferber, Prashant Texmach and Prashant Rostoni.

Declining cotton consumption needs a big boost, and innovation only holds the key, opine industry experts. It was a session of introspection for the cotton community! At the USA Cotton meet at the Trident Hotel in Mumbai recently, an august gathering of cotton industry experts watched with awe and avid interest at the Executive Director of Cotton Council International, Bruce A Atherley’s concerns over declining cotton consumption and call for attempts to give a boost to this natural fibre’s fortunes globally.

Can India take its share of 4.5% in global textile trade to 9-10% by 2020? An ITJ Exclusive explores the dreams and realities. India is No. 2 in the global textile trade, next only to China. But the country?s share is a measly 4.5 per cent against the 45 per cent of China?s. The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020.

In 2015-16, technical textiles market reached Rs 92,499 crore, of which the agro-textiles share is Rs 1,191 crore, which reflects only 1 per cent of the total. But for a country like India, which thrives on an agricultural economy, the scope is immense. ?We have not even touched the surface of the market, and we have to penetrate deep and explore the potential.

The top 10 markets in the world for textile and apparel constitute for 48 per cent of India’s total textile and apparel exports. The current global apparel market is worth $1.7 trillion and it constitutes around 2 per cent of the world’s GDP. The European Union, USA and China are the world’s largest apparel markets with a combined share of approximately 54 per cent.