Home / Knowledge / News / Apparel/Garments / India has potential to become machinery manufacturing hub
India has potential to become machinery manufacturing hub
14
Jul '15
Akshay Sharma
Akshay Sharma
India has the capability to emerge as a manufacturing hub for textile machinery, according to an industry expert.

The rolling out of 'Make in India' campaign by Prime Minister Narendra Modi, and its subsequent promotion for setting up manufacturing units in India could help the country in becoming a manufacturing hub for textile machinery, opines Akshay Sharma, CEO of India-based Magnum Resources that offers fast-selling manufacturing equipments for the apparel and home textiles industry.

In an exclusive interview with Fibre2Fashion.com, Sharma said, "There are many machinery manufacturers, especially in Europe/US. The main challenge they face is cost-matching according to the country they want to deal with, as countries like India, Pakistan, Bangladesh still have low wage rates compared to Europe/US."

"Here it is better to support the 'Make in India' programme, so that the cost of machines with the same quality is in the reach of small and medium manufacturers too," avers Sharma.

Explaining further, he says, "Normally, international companies should try to start their manufacturing units in India with a similar R&D that people have utilised in Europe/US. The Indian Government has already started this programme, and it has started inspiring many companies planning to put up their manufacturing units in India."

International companies that set up their manufacturing units in India should also employ local people after giving training to them so that they get similar quality of products (machines) with lesser cost, he adds.

He suggests that the Ministry of Textiles/Indian Government should send a team to big exhibitions like ITMA. This team would invite various manufacturing companies to set up their production units in India. The Ministry can also organise seminars to promote Make in India in textiles.

Click here to read the complete interview

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search