Processing: Eco concerns to fuel demand
The year 2015 was one of the best years for the processing industry. Looking at the current trends and the sentiments that unfolded at ITMA, 2016 will also be as good as the previous year. Corporates, which have done modernisation, will invest in expansion in the coming years.
– S Rajendran, VP (Textile Engineering ? Processing, ETP & Utilities, A.T.E. Enterprises
The year 2015 was one of the best years for the processing industry. Looking at the current trends and the sentiments that unfolded at ITMA, 2016 will also be as good as the previous year. Corporates, which have done modernisation, will invest in expansion in the coming years. But it is the B-segment of the textile industry, which holds a high potential, will go for more technologies in processing. Another aspect is the knit sector, which is also rapidly growing. Knits dominated south in the past, but now it is growing across India. Yarn dyeing already has been experiencing a steady growth. And printing is going to grow tremendously ? especially rotary and digital. For textiles, there are new areas coming up like Surat, which today is going for even very expensive technologies. It is not shying away from cost considerations anymore. Recently we sold six THEN airflow dyeing machines in Surat. Bhiwandi, Panipat, Karur and even Kolkata are some of the promising areas for investment in 2016.
This ITMA was one of the best ones we have seen. We predicted that there would be a good crowd from India even though the dates were clashing with the Diwali festival. Many entrepreneurs themselves were present at the stall, unlike in the past when they send senior staff. Our principals admit that they have done very good business for the year 2016.
