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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.
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.
Pioneering systems for loom efficiency
Founded in 1975, Prashant Group is one of prominent textile machine manufacturing companies with modern infrastructure in India. The Group has co-operations with leading European & American textile machine manufacturing companies, which bring edge in updated technology and enhancement in products profile.
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.
Prashant Group - No. 1 in weaving preparatory
It all started in the year 1975 when Prakash Shah, a man with a dream to succeed big in textile, established Prashant Group in Ahmedabad, Gujarat, with just four employees. However, in the last four decades, Prashant Group has grown on to become one of the prominent and fast growing textile machine manufacturing companies in India with more than 900 employees, and over 250 engineers.
Textile Industry: AT CROSSROADS?
The ITJ, in an exclusive report, presents the pulse of the industry in summarised statements about prospects in 2015 from a cross-section of industry leaders, experts and concerned authorities.