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Can India reduce its dependence on imported textile machinery?

10 Apr '24
88 min read
Can India reduce its reliance on imports for textile machinery?
Can India reduce its reliance on imports for textile machinery?

Insights

  • India's textile industry faces challenges with stagnant exports and heavy reliance on imported machinery.
  • Despite being a key exporter, the industry struggles with internal inefficiencies and a growing trade deficit in textile machinery, exacerbated by outdated technology.
  • Government initiatives like TUFS and ATUFS aim to modernise the sector.
India's textile industry faces challenges with stagnant exports and heavy reliance on imported machinery. Despite being a key exporter, the industry struggles with internal inefficiencies and a growing trade deficit in textile machinery, exacerbated by outdated technology. Government initiatives like TUFS and ATUFS aim to modernise the sector.

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