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 Industry & Economy - Textile Machinery


Easier textile gear import norms likely

Our Bureau

New Delhi , Jan. 23

THE Government is planning to liberalise import of textile machinery and encourage joint ventures for domestic manufacturing to meet the shortfall.

"The domestic textile machinery manufacturers cannot meet the demand of the sector. We are looking at easing imports of machinery to ensure that the demand is met," Mr Qaiser Shamim, Joint Secretary, Ministry of Textiles, said after inaugurating 36th India International Garment Fair.

India has emerged as a major manufacturer of textile machinery and due to the increase in orders after phasing out of quotas it is taking anywhere between 12-18 months to supply the machineries.

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