India Of Textile machinery industry With a turnover of 40 billion rupees, the textile machinery industry is developing recently due to the good prospects for the textile industry. In addition, the demand for India textiles in the world market is increasing and the expectations of the machinery industry are increasing.

The price of yarn is high. Spinning mill The opening rate is close to full load. These factors make the textile industry very promising.

Textile machinery demand began to pick up after the federal government announced the textile technology renewal Fund (TUFS) plan in 2002. This is because the plan provides subsidies and other preferential measures for upgrading machinery.

In 2008, the economy slump, the textile enterprises stopped production, the machinery industry suffered heavy losses, and the machinery orders were finally cancelled.

But now the situation is improving in recent months, and the textile machinery industry seems to be recovering from the recession.