Home / Knowledge / News / Textiles / Machinery sector cashing in on textile boom
Machinery sector cashing in on textile boom
Sep '10
The textile machinery sector in India with a turnover of Rs. 40 billion, is gaining ground on back of the recent surge in the prospects of the textile industry. Further, rising demand for Indian textiles in world markets is also arousing the expectations.

Accompanied by high yarn prices, the spinning mills are functioning close to optimum levels, which are brightening the scenario of the textile machinery sector.

It was only after announcement of the Textile Up-gradation Fund Scheme (TUFS) by the Union Government in 2002 that, demand for textile machinery started perking up. This was because, the scheme granted subsidies and other benefits for up-gradation of machinery.

The machinery industry was badly hit by the 2008 economic slump, when the textile firms discontinued, placing new orders for acquisition of machineries and even annulled the orders, already in place.

However, now for the last few months the situation is getting better, and it seems like the sector is regaining its original impetus that it carried prior to the global slump.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Silke Brand-Kirsch
Schlegel und Partner

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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