ITMACH India to bring latest textile tech to investors

Therefore, the show will have most modern technologies on display that were launched in the recently concluded ITMA in Barcelona. Indian textile industry would now have the opportunity to experience world class textile manufacturing technology under one roof. For example, world’s leading weaving machinery and technology supplier Picanol will be showcasing Airjet Omniplus- i loom with Smartshed which will be displayed working on denim fabric with warp beam from Arvind Mills and operate at production speed above 1000 rpm!

The Indian textile industry has continuously invested in innovations and technology upgradations as global opportunities open-up. The backbone of the Indian textile industry- the spinning sector has off late been facing tight demand situation due to US-China trade war, China’s trade agreements with Pakistan and Vietnam as well as high domestic cotton prices. This has resulted in slower investment in the spinning sector this year. However, US-China trade war has also brought some new opportunities to weaving, knitting, dyeing, printing and wet processing and garmenting sector. Global brands and retailers are looking for Indian suppliers with economy of scale plant with state-of-the-art process technology. Therefore, the Indian weaving, processing and garmenting sectors are still in investment mode and resource efficient technologies are much in demand.

In terms of data, from April-August 2019, about 90 companies have filed for Industrial Entrepreneurs' Memoranda (IEMs), related to investment in textile and clothing. Of these 90 proposals, 34 were related to yarn manufacturing (both cotton and MMF), weaving sector attracted 15 proposals, 14 proposals were related to the RMG sector, nine proposals were for textile processing, seven were for technical textiles, six for knitted fabrics, and four for home textiles.

In terms of capacity, the IEMs have proposed yarn manufacturing of 3.50 million tons, fabric (both woven and knit) production of 66.87 million metres, textile processing capacities of 155.91 million metres, and RMG of 670 million pieces.

Some leading investors in the yarn manufacturing sector include Indian Oil Corporation, Indorama Industries, Shekhawati Geotech, Arvind Dyeing & Bleaching, Vedha Spinning Mills, Filatex India Ltd, Sudhan Spinning Mills etc.

In weaving sector, investors include BMD Pvt Ltd, Shakti Polyweave, Siyaram Silk Mills, Shri Velayudhaswamy Spinning Mills, Balar Synthetics, among others.

In processing, some of the IEMs are from Shri Narayan Fabrics, Parshwa Texprint, Panorama Print (digital printing), Ichalkaranji Powerloom Mega Cluster.

RMG IEMs are from companies such as SP Apparels, Page Industries, Shriniwas Polyfabrics, etc.

Fibre2Fashion News Desk (PC)