Investments within the textile sector that have been sluggish for the final couple of years have revived, stated Textile Commissioner Roop Rashi right here on Friday.
Ms. Rashi instructed The Hindu on the sidelines of the inauguration of the three-day Global Textile Technology and Engineering Show (GTTES) right here, a number of textile and attire firms that had taken half within the recently-concluded Bharat Tex in New Delhi stated they have been making investments.
Indian textile equipment producers ought to leverage the strengths in textile engineering and indigenise textile equipment for all segments of the provision chain. “We should have sustainable, circular textiles,” she stated.
On cotton manufacturing through the cotton season 2024-2025, she stated it was estimated that there will likely be virtually 29 lakh bales of surplus cotton this season. So, the textile sector shouldn’t be prone to face scarcity of cotton, she stated.
Ketan Sanghvi, chairman of the India ITME Society, stated the GTTES, which has 210 individuals from 39 nations, targeted on post-spinning segments, together with weaving preparation, weaving, printing, processing, and technical textiles. “A lot of investments are happening in technical textiles and the demand is also high for upgraded technology in weaving machines. The eco system for weaving machines should improve as available for the spinning segment. There should be more manufacturers for motors and drives,” he stated.
Mr. Sanghvi additionally stated the federal government lately authorized duty-free import of shuttleless looms with a couple of circumstances. While it gave thrust to indigenisation and international direct investments in India, allowing responsibility free imports is unlikely to incentivise native manufacturing, he stated.
(The author is in Mumbai on the invitation of India ITME Society)
Published – February 21, 2025 07:48 pm IST
