With a host of new projects and textile parks coming up in the country, and the ‘Make in India’ programme in place, the demand for modern textile machineries is increasing rapidly and the Indian textile machinery industry is expected to reach Rs. 45,000 crore by 2022 from the current Rs. 22,000 crore. Except the locally manufactured machines, India plays an important role as a market for the textile machine manufacturers from Switzerland, Germany, Belgium, Italy, and Spain.
Earlier, the industry noticed a growth of 8 to 10 per cent from Rs. 20,000 crore in 2013 to Rs. 22,000 crore in 2014.
