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Exporters Spin to win!
India’s textile machinery industry is no big achiever compared to its European counterparts. But in exports, it is slowly and steadily making an impressive impression in the global markets in its own way, reveals an exclusive ITJ Report.
The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.
World’s fastest robotic sectional warping machine from Prashant
Ahmedabad-based Prashant Group of Companies first ventured into several textile manufacturing business in 1987. The Group has been enjoying the No. 1 position in weaving preparatory. All machines—right from warping machine, direct warper to sectional warper, sizing machine, material handling equipment and all other machineries—are manufactured at its Ahmedabad plant, under joint venture with various US and European companies that include Prashant Gamatex, Prashant West Point Machinery, Prashant Ferber, Prashant Texmach and Prashant Rostoni.
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.
Who´s Who: Y-Gen
Anuj Bhagwati, who now heads the A.T.E. Group, joined the Group in 1994. He has been actively involved in a wide range of activities in the group: he introduced IT to the group, managed several companies, put together joint ventures, and has been a part of divestments, turnarounds, start-ups and scale-ups. In the process he has transformed A.T.E. into a modern and technology oriented group.
Govt´s support lacking
The current budget for 2015-16 is considered as growth oriented by various experts, but I think for textile Industry, it is not very promising budget. The Government´s vision of growing Indian textile and apparel industry to US$ 220 billion by 2020 needs more support and schemes from government. Unfortunately major demands of Industries have not been met in current budget.