Related Keywords: domestic textile machinery industry, Government initiatives, grow in next five years, incentives for manufacturing sector, India International Textile Machinery Exhibitions Society, innovative technologies, ITME, Make in India, textile engineering, Textile machinery manufacturing section
The textile machinery manufacturing section is one of the important segments of the industry in India. With the government initiatives like 'Make in India' and incentives for manufacturing sector, the domestic textile machinery industry is likely to touch Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore, according to India International Textile Machinery Exhibitions Society Chairman Sanjiv Lathia.
