India'S Resource Advantages Promote It To Become The Second Largest Textile Machinery Market In The World.

According to the annual survey report released by the economic and Social Commission for Asia and the Pacific (ESCAP), the economic growth of the developing countries in the Asia Pacific region will further slow down in 2012.

The report also pointed out that despite the slowdown, the Asia Pacific region is still the fastest growing region of the global economy.

In such an environment, although Asia's textile industry is slowing down in general, Asia is still the center of the global textile industry, and is still the largest market for textile machinery in the world.

It is worth noting that after the impact of the global financial crisis, the Asian market is right.

The demand has changed, and the demand for high-end equipment has gone further.

The demand for high efficiency, high quality, high degree of automation and energy saving equipment is increasing.

It is the second largest textile machinery market in the world after China.

With the advantages of cotton and labor resources, India's spinning capacity has increased by 3 million to 4 million 200 thousand spindles per year since 2006. At present, India's spinning capacity is around 43 million spindles.

India's cotton textile industry has strong competitiveness.

Over the years, through cooperation with world famous textile machinery manufacturers, such as Germany's Te Luth Le, Switzerland's Lida, Germany's Italy, TOYOTA's and so on, has greatly enhanced the manufacturing level of India cotton spinning machinery.

The cotton textile industry in India has good management level and quality control capability. The demand for cotton spinning machinery with both high speed and high efficiency is much higher than before.

A few years ago, investment in textile machinery and equipment in India was mainly concentrated in spinning equipment, and the development of other equipment was relatively slow.

But in the past two years, India textile industry's demand for medium and high end weaving equipment, knitting equipment, chemical fiber equipment, pneumatic textile equipment has increased significantly, and knitted, dyeing and printing equipment will have considerable room for development.

At the same time, about 2 million to 3 million spindles of spinning equipment need updating and upgrading every year in India.

At the request of India textile enterprises, the India government is preparing to extend the textile industry pformation fund plan (TUF).

It is understood that the Ministry of textiles of India has proposed extending the TUF plan in the twelfth five year plan, and will allocate 158 billion 860 million rupees to implement the plan.