Home / Knowledge / News / Textiles / Potential Indian market lures textile machine exporters
Potential Indian market lures textile machine exporters
28
Jan '08
Indian textile and garment industry has experienced a rapid development during recent years. It has provided new business opportunities to sewing machinery enterprises.

China's textile machinery industry believes that Quanzhou textile and garment machinery industry has focused on the development of Southeast Asian markets in 2007, especially in Vietnam and other places. In 2008, the industry will turn its eyes towards Pakistan and India.

In 2006, India was the largest destination for China's sewing machinery exports. It exported more than 22,000 sets, out of which more than 10,000 sets were of embroidery machine. There was an increase of 63 percent. Experts believe that Indian market will continue to have a great demand for embroidery machines in long period.

According to the statistics provided by India Garment Association, the apparel industry will maintain a growth rate of 23 percent in investment of sewing machinery imports in 2006-2010. For a rapid and complete upgrade, the Association will continue to negotiate with the Government and ask for a further decline of five percentage points in import tax rates on textile machinery.

In recent years, many Indian textile and garment factories choose to import large quantities of textile and garment machinery from China. Currently about one-third of these machineries are purchased from China.

According to the industry experts, Quanzhou's sewing equipment manufacturers enjoyed a huge share in the Vietnamese market during 2007 and India is likely to become a hotspot for China's exports in 2008.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

Pakistan’s textile exports up 5.81% in July-August 2017

The value of textile and garment exports from Pakistan increased by...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search