Smarth Bansal, GM of ColorJet Group, discussed with Textiles Minister Piyush Goyal about textile printing and how ColorJet is leading the path of digitalization of textile printing worldwide
Browsing: Textile Machinery Manufacturers’ Association
In most sectors of textile manufacturing, automation is one major key to quality improvement and cost competitiveness. Early modernisation and technical developments in textiles concentrated on the automation of individual machines and their processes.
Import of textiles industry spare parts has been continuously rising from China and trend will be continued this year as well, say industry experts.
The components and accessory segments of the textile machinery industry have been offering immense scope since the time the industry shifted from West to East, but the Indian industry is yet to tap their full potential, finds the ITJ report.
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.
The Textile Machinery Manufacturers´ Association (TMMA) (India) hosted a 55th Annual General Meeting on August 13, 2015 at Sunset Lounge, Hotel Trident, Mumbai.