Textile Machinery Manufacturers Association [TMMA(I)] is representing more than 125 member companies in India whose turnover is more than 85 per cent of the entire Indian…
Browsing: Textile Engineering Industry
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Without modernisation of its entire value chain, India can never become global champion in textile sector.
India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
The production of the Textile Engineering Industry (TEI) recorded a decrease of 1 per cent viz. Rs 6,865 crore in 2018-19 as against Rs 6,900 crore achieved during 2017-18.
The third edition of ITMACH India will be held from December 5-8, 2019, in Gandhinagar, Gujarat, the most important hub of textile manufacturing in the country.