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

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

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

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
January 2017

January 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