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Europe still dominates in textile technology, but India is no laggard. It has created its own niche. With 158 exhibitors at the present ITMA 2015, Indian textile machinery and spares industry has come a long way to spread its wings since 1975 when at the same Milan, India fielded a lone exhibitor. An ITJ Report previews the current scenario.
Innovation in technology drives industry
Founded in 1962 to provide the Indian textile mills with the latest spinning technology, Lakshmi Machine Works Ltd (LMW) is today a global player and one among the three manufacturers of the entire range of textile machinery from blow room to ring spinning. Currently, LMW holds 60 per cent market share in the domestic textile spinning
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