ColorJet urges govt for R&D support in digital printing
During his interaction with Textiles Minister Piyush Goyal, Smarth Bansal (GM of ColorJet Group) discussed about textile printing and how ColorJet is leading the path of digitalization of textile printing worldwide
During the recently held DPIIT â€“ CII ASCON Summit 2021, ColorJet Group, manufacturer of digital textile printers from India, sought support from Union Textiles Minister Piyush Goyal for future research and development (R&D).
CII Associations’ Council (ASCON) is an important forum of CII which brings together national level associations from across sectors on a common platform. The latest edition of this summit was held on October 9, 2021 at New Delhi. Taking the Message of Prime Minister Narendra Modi – â€œSabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayaasâ€, the Union Minister for Textile Piyush Goyal emphasised on manufacturing high-quality machinery and products that can be easily exported.
The recently launched Production Linked Incentive (PLI) scheme for textiles is a step towards an Aatmanirbhar Bharat. It will boost the textile industry and will enable in establishing a number of globally reputed companies. Through these steps, the government is advocating reducing dependence on imported machine tools and creating machinery manufacturing eco-system to meet the gap with domestic machinery production and demand.
Earlier during the sectoral roundtable discussion, Sachin Kumar, Executive Director, The Textile Machinery Manufacturers’ Association (India) (TMMA), gave an overview about the Indian textile engineering industry (TEI) and elaborated about the challenges and ideas of the domestic industry. The industry envisages acquiring technological strength in all sectors to meet more than 75% of the domestic demand for high-tech machinery. This will help in making India a manufacturing hub for textile machinery, parts/components and accessories, contributing further to employment generation & national GDP.
TMMA proposed to bring in policy for supporting technology R&D and its commercialisation. Issues related to infrastructure, liquidity, used machine import, inverted duty, old FTA and GST reimbursement were raised. Besides ideas to bring schemes for brand building, Mega clusters, PLI for Indian TEI, IPR Timeline, and Scrapping Old machines were recommended. The Indian textile engineering industry (TEI), with a negative CAGR of -4% in 2014-15 is expected to grow to a CAGR of 7.39% by 2025-26. This is a result of rising demand in the textile printing industry.
Smarth Bansal, Member of TMMA and GM, ColorJet Group, Noida, attended DPIIT â€“ CII ASCON SUMMIT 2021 as a sectorial representative of Textile Machinery Manufacturers’ Association (India). Bansal discussed with Textiles Minister Piyush Goyal about textile printing and how ColorJet is leading the path of digitalization of textile printing worldwide. ColorJet, Indiaâ€™s largest manufacturer of digital inkjet printers, is fulfilling the vision of
Prime Minister Narendra Modi by manufacturing world-class digital textile printers that are being applauded and installed worldwide. ColorJetâ€™s digital textile printers have presence in over 20 countries including Europe, UAE, Australia, and China.
Textile industry is the second most polluting industry and having sustainable digital textile
printers is the need of the hour. The shift from traditional textile printing to digital ensures reduction in the carbon footprint. ColorJetâ€™s R&D department, which is recognised by the Government of India, offers efficient engineering to provide customers with sustainable textile printing alternatives. The direct-to-fabric (DTF) printers from the house of ColorJet have in-built water filtration system that reduces water consumption by 98%. The compact and energy efficient DTF printers offer 42% less energy consumption. Pigment and sublimation printing provides zero water consuming printing solutions.
ColorJet has been providing employment opportunities to skilled personnel, students, engineers, and many more. ColorJet is contributing to Regional Value Content (RVC) with an addition of more than 50% and has entered into trade agreement under AIFTA (Asian-India Free Trade Area) cooperation between The Republic of India & the South East Asian Nations. ColorJet customers will get the benefit of zero MNF tariff rates.
ColorJet Group, one of the leading manufacturers of digital textile printers from India, markets its products in 20 countries worldwide. Founded in 1995, the company maintains its operations via two manufacturing facilities and sales offices spread across seven countries, which include India, China, Bangladesh, UAE, and Sri Lanka. Till date, ColorJet has installed and implemented over 4,000 of its printing solutions and products across 450 cities around the world backed by a strong 278-member team, of which almost 100 are in technical related functions.