Asia, and China in particular, represent the primary foreign markets for Italian machinery manufacturers in the sector.
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The household sector is the major growth driver and contributes about 53.39 per cent to the overall demand of textiles and clothing (T&C) products.
The successful exploitation of new ideas is crucial to a business being able to improve its processes, bring new and improved products and services to market, and increase its efficiency, reports the ITJ Cover Story.
OCM, a household name in India, is well reputed for its quality and is one of the leading names in the fabrics, apparel and fashion industry.
Bhagalpur in Bihar is acknowledged as silk city as it is renowned worldwide for its silk production. The silk industry in this city is 200-years-old and an entire race exists that has been producing silk for generations.
Maurer continued in his clear, inimical style: “As the markets and textile productions are changing and so are the machinery manufacturers.
The Cotton Textiles Export Promotion Council (Texprocil) has urged the Government to disburse the committed support of about Rs 3,000 crore under Textile Upgradation Fund (TUF) scheme to help the industry tide over tough times.