Seeing the low penetration and high growth potential, Taiwanese companies are eagerly looking at the Indian market for technical textile products. Rising labour costs in China too is forcing some of these companies to consider manufacturing in India.
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Boom in housing as a result of the burgeoning middle class in India is a major growth driver for the home textile market. Change in lifestyle and growing awareness of hygiene is fuelling this growth. An ITJ report bares some details.
Itema has grown by about 60% in the last two years in a market that declined by about 30% over the same period.
Itema, the world´s largest privately held provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, announced results for the full year (FY2014) ended December 31, 2014, maintaining positive trend for the second year in a row after the FY2013 and H1 2014 spectacular results.
SPACES Home & Beyond — the retail Home Textile fashion brand by Welspun Group, has launched its latest Spring-Summer 2015 collection. Inspired by today’s fast paced culture, the new range emphasizes greatly on technological breakthroughs and hi-performance features.
Digital printing is poised to capture a bigger share in the Indian market as the industry has started enjoying and reaping benefits of its technological advances. The ITJ Exclusive Report attempts to scan a view of this booming digital printing scenario.
Fulvio Carlo Toma (FCT): The year 2014 has been a tough year for the weaving machinery industry but, despite the slowdown of the market, we, at Itema are more than satisfied with our performance. We registered an increase in the number of weaving machines sold compared to the previous year, and this itself is a hugely significant result considering the brilliant growth Itema obtained in 2013 and the decline in the market.
Digital printing is poised to capture a bigger share in the Indian market as the industry has started enjoying and reaping benefits of its technological advances. The ITJ Exclusive Report attempts to scan a view of this booming digital printing scenario.