In Maharashtra, after the declaration of State Textile Policy, a total of 769 projects with investment of Rs 6,690 crore have been established. The investment have come predominantly into the developed textile machinery of spinning and weaving sector.
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Colorjet, a leading manufacturer of digital inkjet textile printers is participating at Garfab-TX, being held in Surat from May 15-17, 2015 at SIECC in booth no.
Since 1892, Stäubli has been one of the world´s leading manufacturers of high-speed textile machinery. In textile field, Stäubli has been offering a wide range of textile machinery including dobbies, cam motions, Jacquard machines, harnesses, weaving preparation, carpet weaving systems and automation.
It all started in the year 1975 when Prakash Shah, a man with a dream to succeed big in textile, established Prashant Group in Ahmedabad, Gujarat, with just four employees. However, in the last four decades, Prashant Group has grown on to become one of the prominent and fast growing textile machine manufacturing companies in India with more than 900 employees, and over 250 engineers.
Currently India faces a 9-10% duty disadvantage in Europe as compared Pakistan and Bangladesh. Also, transaction costs in India are high.
The textile industry in India is one of the few industries which has the potential to emerge as a true global player. A well-devised action plan coupled with effective delivery mechanism can see India as emerging as a winner in the quota free market.
With every passing this year now, our confidence is improving. There are a few structural changes which I think have happened to the textile industry over the last several years and the most important being that this generally the demand and supply balance has been restored.