Related Keywords: abundance skilled labour, emphasis on setting up textile parks, ensure modern innovative technologies, in light of new projects, India to become manufacturing hub in textile machinery, Indian textile machinery industry, low cost, Modi governments Make in India' programme, natural resources available, poised to double
The size of the Indian textile machinery industry is poised to double to Rs 45,000 crore by 2022 from the present Rs22,000 crore in light of new projects and emphasis on setting up textile parks, said Sanjay Lathia, Chairman of India International Textile Machinery Exhibitions.
Modi government's 'Make in India' programme is also expected to help the textile sector by way of increase in demand for modern machineries.
The country has the potential to become manufacturing hub in the textile machinery with abundance of skilled labour, low cost and natural resources available.
