Home / Knowledge / News / Textiles / Indian textile machinery makers eye 15% growth by 2014
Indian textile machinery makers eye 15% growth by 2014
Feb '13
Indian textile machinery manufacturers are eyeing 15 percent growth by the end of 2014 due to the rise in demand for textile machineries in domestic as well as in international markets.

Secretary of the Mumbai-based Textile Machinery Manufacturers Association (TMMA), Mr. S. Chakraborthy told fibre2fashion, “We are hoping for a likely growth of 15 percent by the end of 2014 due to increase in demand for textile machineries in domestic and international markets.”

Talking about the scenarios of Indian textile machineries industry in last four years, he says, “There was a dip in the textile industry in last four years from 2008 to 2012 due to shortage in electricity and unsupportive government policy, such as extending subsidies on second-hand machineries. High cotton price and low yarn price had also contributed to the decrease in demand of textile machineries.”

“The overall demand scenario of the industry has changed from the second half of fiscal year 2012-13 and we are expecting a better deal this year,” he opines.

According to him, the textile machinery producers are waiting for the approval of the Technology Upgradation Fund Scheme (TUFS) for manufacturing textile machineries for further growth of the industry.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search