SRF Limited, India’s largest manufacturer and exporter of technical textile, has ordered two sets of R-200 Ring Twisting Machines worth around Rs 20 million.

In this interview, Chirag Pittie, Director, SVP Global Ventures Ltd, highlights on the changing dynamics of the spinning industry in India and how his company is gearing up for the future.

China needs to pull up its socks when it comes to setting prices and formulating standards in the cotton textile industry. Due to the pandemic, the industry has been severely affected by reduced demands for garments.

The USDA has projected India’s cotton production for the upcoming season at 37.8 million bales. The Indian textile industry says a lot of it depends on the southwest monsoon.

The innovation incubator, which opened in 2014, is set to become an independent company. With a team of 70 specialised professionals, Itemalab will provide solutions to digitalise and reshape industrial products and processes.