India Textile Industry: Three Days To Mediate For Industrial Modernization

In order to improve India Textile industry Direct foreign investment (FDI) and the introduction of advanced technology, the India government is in talks with three Japanese companies, namely, Juki Corporation, Toyota Corporation (oyota Corporation) and Dongli Toray (Toray Industries).

A senior official of the Ministry of textile industry of India said that the major negotiation with heavy machinery was to build a spinning factory in India, and the negotiation with TOYOTA was to build a shuttleless loom factory. Similarly, negotiations with Dongli are invested in India. Chemical fiber textile industry 。

India textile minister Kiran Dhingra said that we would talk with foreign investment in Dongli. We hope that they will invest in India. He has just visited Dongli to promote the domestic textile industry and seek business opportunities with Japanese companies.

Textile machinery manufacturing is one of the main areas attracting foreign direct investment in India. There are many cooperation between domestic enterprises and global enterprises to develop machinery in the world's textile industry.

Some of the technical and financial joint ventures in the India textile machinery industry include the joint venture laosmi automatic loom machinery (Coimbatore) factory with rutile machinery company of Switzerland, jisoscar TOYOTA textile weaving machinery joint venture with TOYOTA Japan (Bangalore), and Himson textile engineering industry joint venture with Italy Fadis (Surat). Filament yarn 。

Nair, Secretary General of the India Textile Industry Federation (CITI), said that with the advent of these cooperation, the India textile machinery industry will be able to establish a strong position in the global machinery market, especially in the field of spinning and weaving. DK

Textile machinery is a capital intensive industry, which means that every employment of one labor force has a capital investment of US $16867.

According to the figures provided by the Federation of India textile industry, the machinery industry invested 1 billion 883 million 850 thousand US dollars, of which 3.73% were through foreign direct investment, 73.98% from other sources, and 22.29% by financial institutions. In various fields, the field of spinning and joint ventures attracts 43.46% of foreign direct investment into machinery manufacturing, followed by synthetic filament yarn manufacturing (18.88%), and processing machinery manufacturing (15.34%).

Nair further said that the textile machinery industry is the main industry for traditional industries to intervene in technology.