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Textile machinery exports to rise 17% to Rs 1,400 cr this fiscal

Textile machinery exports increase 166.67 per cent between FY10 and FY12

Textile machinery exports will swell 16.67 per cent this financial year to Rs 1,400 crore, on the back of good demand pouring for spinning machinery and components of textile machinery, according to India International Textile Machinery Exhibition (ITME). Last financial year, textile machinery exports stood at Rs 1,200 crore. In the last three years, demand continued to pour in for domestic textile machinery despite the overall slowdown in major economies. Between FY10 and FY12, textile machinery exports saw an increase of 166.67 per cent, from Rs 450 crore to Rs 1,200 crore. According to ...