During his speech, Mehul Trivedi, Chairman, TMMA, said “Indian economy is showing signs of recovery on the back of strong support from all sectors.
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LAPP India is a 100 per cent subsidiary of LAPP Group, a leading supplier of integrated solutions and branded products in the field of cable and connection technology.
It is said “the great menace to the life of an industry is industrial self-complacency
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.
Certainly, in the last couple of months, there has been a slow down in fresh orders for imported machinery due to the prevailing uncertainty on the currency front.
It is also worth noting that Asian and Oceanic countries have nearly 80 to 90 per cent share in shipments of all the segments of textile machinery.
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.