Founded in 1995, Naren Group of Companies is a name to reckon with in the field of textile engineering, electronics and automation, spinning and weaving. The company caters to the textile machinery parts to a wide array of discerning clients in India and abroad.
Browsing: textile engineering
Located in Coimbatore, Simta Machinery Pvt Ltd is an integrated group of textile engineering companies, consisting of tapes manufacturing, overhead travelling cleaners, bobbin transport system, clearer rollers, sheet metal engineering and industrial fabrics divisions located at spread-out geographies.
Crealet has partnered with Comsat, which develops textile machines that meet the highest technical standards, and is now the exclusive representative of Comsat, starting from October 2016.
Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market. It is forecasted to grow at a CAGR of 14.02 per cent till 2018. It is expected to reach to $207.5 billion in 2015. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. China is leading in the field of textile exports today because they installed a large set-up for spinning and weaving industry. One of the major trends in the global textile machinery market is the growing number of technological innovations.
A must visit exhibition for best of textile engineering, Innovation, customised solutions, green technology, fibre and yarn, agents and distributors, new customers, new business opportunities- India ITME 2016 is the most awaited business event of the year for textile industry.
The year 2015 was one of the best years for the processing industry. Looking at the current trends and the sentiments that unfolded at ITMA, 2016 will also be as good as the previous year. Corporates, which have done modernisation, will invest in expansion in the coming years.
Spinning has been good in India, but looking at the trend unfolding in the last six months, it needs a relook. One is the Technology Upgradation Fund (TUF) which has been temporarily stopped. Secondly, the yarn export to China has virtually come to a standstill.