![]() Financial Daily from THE HINDU group of publications Thursday, Jul 14, 2005 |
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Industry & Economy
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Textile Machinery Indian textile exporters look to Chinese equipment to achieve economies of scale Our Bureau
New Delhi , July 13 CHINA and India, rivals in the global textile export markets, are set to join hands in search of possible synergies in the textiles sector. At the invitation extended by The Cotton Textiles Export Promotion Council (Texprocil), a Chinese delegation of textile machinery manufacturers is on a six-day visit to the country from Wednesday. The delegation will showcase its range of textile machinery across the country's major textile centres. The visit comes in the wake of renewed efforts being made by Indian textile manufacturers to become more competitive in the global market by emulating their Chinese counterparts. China has captured a chunk of the global textile market, following the textile quota abolition, mainly through use of better manufacturing equipment and superior production techniques. The visit is also significant in the light of the problems faced by textile players in procuring equipment from domestic textile machinery manufacturers, who have been quoting very long delivery schedules. According to the Texprocil Chairman, Mr B.K. Patodia, the 24-member delegation from China Texmatech Company Ltd China's specialised enterprise in imports and exports of textile machinery and technology will interact with Indian textile industry associations and Indian exporters across all major production centres. The delegation, consisting of representatives dealing in different textile machines such as carding, spinning, combing, drafting, will showcase its textile machinery in Delhi, Coimbatore and Mumbai. It is also expected to interact with mill managements and industry players at these centres. According to Mr Patodia, the inability of Indian textile equipment manufacturers to meet the demand for machines has been stemming the pace of modernisation of the industry, thereby affecting the country's export prospects. He said the dialogue with the Chinese delegation is expected to be mutually beneficial over the medium to long term. According to industry estimates, nearly 40 per cent of the new machinery being used by Indian apparel manufacturers is of Chinese origin.
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