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Weaving Technology Changing The Weaving Industry In India
Textile Value Chain
|October 2018
Technological advancement isneedof the hour.
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Technology developers are constantly innovating to produce & upgrade technology of machineries that increase production, save time & make process simpler. Every now & then new technologies are introduced that brings massive change in production quantity, improvement in quality and operating time or ease out the process. All these advantages come with a price, it demands additional capital investment.
Today for completing a single process there are multiple technologies available that do the same work in multiple ways. So when it comes to selection of a technology for textile machineries people just don’t jump to the latest version like in the case of smart phones. A detailed comparison of price to the need of advancement is carried out along with analysis of advantages that the technology will offer.
Global Textile machinery market is witnessing tremendous growth buoyed by growing demand of textile & apparel market. It is forecasted to grow at a CAGR of 14.02% till 2018. The major countries manufacturing textile machinery are Germany, Italy, Switzerland, Japan, France and now China. The textile technologies are available in two version low cost (semi automatic) mostly manufactured in China for low cost countries and high cost (automatic) for developed countries.
This story is from the October 2018 edition of Textile Value Chain.
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