‘Textiles industry is always in the forefront in accepting latest technology’
Head Honchos are optimistic that bright days are ahead. A word of caution however in the observation that much of the textile technology is being imported by us today. This could change if the government and manufacturers take initiatives in developing technology in-house.
The government is giving the much-needed encouragement and confidence to invest, expand and grow. The textile machinery industry size is also expected to double in the next seven years from the present ?22,000 crore. This, together with intense competition for space, is pushing manufacturers to invest in R&D for top class machinery which improves production and quality. The textiles industry is always in the forefront in accepting the latest technology from all fields, be it hardware, software, electronics or pneumatics. The quest for development is never ending and this will be the driving force in the coming years too. In testing field also, we are receiving many new concepts which we never thought of even a few years back. Technology together with automation will be driving the industry in the future. The doyens in the field with very vast experience are giving many new inputs. These inputs, when materialised, will definitely boost new automation and technology in the years to come.
There will be adoption of latest technologies in weaving, particularly in air jet weaving looms, running at very high speed 1200–1400 rpm. This technology is very productive, produces high quality fabrics with less defects. The machineries for technical textiles and the garment sectors will also evolve by 2020.
Once we were the biggest textile exporters, but textile technology is being imported by us today. If the government and manufacturers take initiatives in developing technology in-house, the whole scenario will change.
It’s growing through a diverse phase wherein we are capturing the global textiles market steadily.
The future for the Indian textile industry looks favourable, sustained by both strong domestic consumption as well as export demand. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade following the entry of several international players like Marks & Spencer, Tesco, George, H&M and Next into the Indian market. The organised apparel segment is expected to grow at a compound annual growth rate (CAGR) of more than 13 per cent over a 10-year period. The union ministry of textiles, which has set a target of doubling textile exports in 10 years, plans to enter into bilateral agreements with African countries and Australia along with working on a new textiles policy to promote value addition, apart from finalising guidelines for the revised TUFS.
Published on: 20/07/2017
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.