Due to roaring industrial development and the delay by the domestic companies to supply the required machinery, Coimbatore in Tamil Nadu has been continuously attracting foreign investors.
Another advantage for both, importers as well as suppliers is the reduction in the import duty on second-hand machinery.
Many foreign textile machinery manufacturers have established their marketing and after-sales offices here.
China had up 50 pavilions showcasing their textile machinery for different sectors like spinning, weaving and knitting and seemed to have sold many of them.
Sources informed that already there is a good inflow of knitting, spinning and weaving machines from Germany, China and Korea, besides one from the US and the EU.
German Textile Machinery Association (VDMA) also expects that export of textiles machinery to India that is likely to reach 200 million Euros.
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