Textile And Clothing Market Downturn, India Textile Machinery Export Reduction

< p > India's a href= "http://www.91se91.com/news/index_q.asp" > textile > /a > machinery export growth, this is due to the low growth and low demand of the domestic textile and a href= http://www.91se91.com/news/index_z.asp, clothing and /a market for such machines and equipment. The president of India Textile Machinery Manufacturers Association (TMMA), chakrabet, said.

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< p > chakrabet said: "the demand for the entire textile industry is very low at present. Therefore, we export textile machinery products.

In India, the export of textile machinery has increased. "

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< p > according to the India Textile Machinery Manufacturers Association, the export of textile machinery is expected to increase to 12 billion rupees this year.

In the 2011-12 fiscal year, the export volume of textile machinery was 8 billion rupees.

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Before the P, the India Textile Machinery Manufacturers Association expects the export of machinery and equipment to reach 14 billion rupees, but at present, this figure is doubtful.

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< p > chakrberti also pointed out that the output of domestic textile machinery and equipment has shown a downward trend in the last two fiscal years.

It reached 61 billion rupees in fiscal year 2010-11, but dropped to 2 billion rupees in fiscal 2011-12, and again slightly increased to 57 billion rupees in the 2012-13 fiscal year.

Chakrabet said: "we hope that in the future, the domestic output will increase."

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< p > in India, < a href= "http://www.91se91.com/news/index_c.asp" > textile machinery < /a > manufacturing industry is the largest capital commodity department, and about 1500 units are currently operating, most of which are small and medium-sized enterprises.

The total installed capacity of the Department is 91 billion rupees and its investment is about 75 billion rupees.

The Department also seeks more FDI, but the current foreign direct investment is limited.

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< p > Mr. Nair, Secretary General of India Textile Industry Federation, said that in terms of tariff structure, the government reduced tariffs on imported machinery and equipment from 7.5% to 5% of the announced budget this year, which will help textile machinery manufacturing industry.

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< p > it is reported that the government of India is looking for ways to reduce dependence on imported commodities to reduce the country's current deficit.

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< p > at present, 70% of India's textile machinery is imported.

In fiscal year 2011-12, India imported textile machinery and equipment valued at 68 billion 820 million rupees, including second-hand machinery imported 8 billion 460 million rupees.

Similarly, the import of clothing machinery is about 20-30 billion rupees.

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