Recent years have witnessed a drastic growth in the hosiery, and readymade garment production in the Indian textile sector. However, the textile sector is largely unorganised and dispersed.
Due to this, the industry is suffering from technological obsolescence and sub-sectors need up-to-date machinery for production of fabric, yarn, and ready-made garments, according to fibre2fashion.
India has taken several steps to boost the industrial growth in the textile sector. Initiatives such as Technology Upgradation Funds Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), excise and import duty liberalisation of textiles and textile machinery are shots in the arm of the textile industry.
They have not only provided much required fillip for igniting growth but also have leveraged the growth of textile engineering industry which includes manufacture of complete machinery, accessories and parts.
Though the machinery industry is growing in a reasonable speed, some of the sector specific machines still have not been able to match the quality and productivity standards of the world-class machines.
News Source: http://www.aepcindia.com/national.asp?id=183&yr=2010
Textile Sector Faces Technological Obsolescence
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