Rieter India Pvt Ltd: Mr Michael Enderle, Chairman & Managing Director

The textile machinery industry has struggled for orders in the last two years, especially in 2008. Improvement in yarn prices and demand in the last quarter has raised some hopes for revival. For the industry to show a sustained improvement, the textile minister should create a stimulus to increase the consumption and demand for textiles, particularly technical textiles. Due to the depressed international situation, a push is also needed with better incentives for export of Indian yarn and textiles abroad. There is a need to strengthen the weaving & processing industry for value added exports and enhancing India's global trade in textiles. This sector can improve with availability of machines and technology from global players through JV's.

Measures to improve availability of electricity power in Tamil Nadu would be expected from a minister who hails from the affected state. The textile machinery industry would benefit greatly from better credit availability and more streamlined TUFS disbursement procedures to the user industry. We would also welcome reduced complexities in the taxes and duties environment and improvement of transaction costs with better infrastructure support.