Web Exclusive | August 2019
Textile mach imports rise 24% in FY19
Import of textile machinery and accessories in 2018-2019 grew 24 per cent compared to the previous year, Jugal Kishore Pansari, president of Indian Textile Accessories and Machinery Manufacturers’ Association (ITAMMA), said.
Total import of textile machinery and accessories last financial year was worth $1,165 million. The highest imports were of digital printing machinery ($430.20 million), accounting for 37 per cent of the total imports. Weaving machines worth $135.58 million and spinning machinery and accessories worth $96.12 million were imported last fiscal. Import of spinning products and machinery grew 41.85 per cent.
“Digital printing is a happening segment in textiles. The new machines are versatile and fast and save on water. Hence, the demand is high for these. Several textile engineering multinational companies have started operations in India and they import parts and accessories,” Pansari said.