India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
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KARL MAYER ROTAL received positive feedback following its open house event to mark the extension of its plant. Since it began operating as a local supplier of machines at the end of the 1960s, KARL MAYER ROTAL has become a global producer of high-tech warp preparation machines, and is set on course for further expansion.
Established in 1983, AYM Syntex (formerly known as Welspun Syntex) is engaged in texturising, draw twisting and twisting of polyester yarns. It also first textile company in India to adopt new standards in carbon foot printing. With plants located at Silvassa and Palghar (Maharashtra), AYM Syntex is well equipped to meet the domestic as well as international demand.
Rajasthan has emerged as a pre-eminent hub for the domestic textile industry with a presence across the entire value addition chain from spinning to garments. About 30 MoUs worth Rs 8,500 crore were signed for the textile sector, of which 12 projects have started production while 12 projects are under construction and three projects are under various stages of clearance.
Textile filament has been one of the fastest growing segments for PA6, increasing from 32 per cent of global demand in 2010 to 36 per cent in 2016. But by 2030, textile filament is expected to be only 34 per cent of total PA6 demand. “For the last decade China has been the epicenter of the global PA6/PA66 industry.
The Faisalabad Chamber of Commerce and Industry (FCCI) has blamed the government policies for the textile industry’s decline in the country.
Indian apparel and textile manufacturing has reached new heights in the last few years and Indian exports are welcomed all over the world for their quality and value added features.