Textile Machinery Manufacturers Association (India) Mumbai

Speech of Mr.MehulTrivedi, Chairman, Textile Machinery Manufacturers Association (India) at the58thAnnual General Meeting of the Association held on27thSeptember,2018 at 06:45 p.m. at Sunset Lounge, Hotel Trident, Mumbai

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Sanjay Kumar Jain, Chairman Confederation of Indian Textile Industry (CITI), my colleagues on the dais, distinguished guests and friends, I extend a hearty welcome to all of you to the 58th Annual General Meeting of Textile Machinery Manufacturers’ Association (India).

I am grateful to Mr. Sanjay Kumar Jain, Chairman, CITI and Managing Director, T.T. Limited, New Delhi for accepting our invitation despite his busy schedule, as the Chief Guest. I extend a warm welcome to him and would like to have his valuable advice and guidance to make the Textile Engineering Industry vibrant.

The Annual Report for the year 2017-18 along with the audited statement of accounts has been circulated among the members of the Association.

Before moving the Annual Report and the audited statement of accounts for approval of the members, I would like to enumerate the steps and initiatives taken by the Association to transform the textile engineering industry. The functioning of the Government has been changed over the period of last 4/5 years so much so that it is for the industry now to take the full advantage of the schemes of the Government.

Economic Scenario

Indian economy is showing signs of recovery on the back of strong support from all sectors. India has inched up its position to become the 6th largest economy in the world overtaking France.