India Textile Industry: The Government Supports Cooperation With Foreign Enterprises To Realize Modernization.

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 world-class enterprises.

Machinery.

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, and TOYOTA loom of jolosska joint venture with TOYOTA, Japan.

(Bangalore), the Himson textile engineering industry joint venture with Italy Fadis (Surat), producing synthetic filament yarn.

In order to improve the direct foreign investment (FDI) and the introduction of advanced technology in India's textile industry, the India government held talks with Japanese heavy machinery company (JukiCorporation), Toyota Corporation (oyotaCorporation) and Dongli company (TorayIndustries).

KiranDhingra, Minister of textile industry of India, 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.

The major negotiation with heavy machine is to build a spinning factory in India, and the negotiation with TOYOTA is to build a shuttleless loom factory.

Similarly, negotiations with Dongli are invested in the India chemical fiber textile industry.

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 DK.

Field.

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

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

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%).