Goyal wants 100 textile machinery champions for the world
Textile Minister Piyush Goyal said the National Capital Goods Policy is for increasing production of capital goods to US$101 billion by 2025 from 2014-15 value of approximately US$31 billion and has called for developing 100 Indian textile machinery champions recognized across the world.
Interacting with the sector stakeholders through a video conference on the topic ‘Technology Gap and Way Forward for Textiles Machinery Manufactures’ on 24 Oct 2021, Goyal also informed that Heavy Industries Capital Goods Scheme is designed to support the industry to modernize domestic technologies,
India should be looking to become a global player in producing textiles machinery, producing at scale, producing with quality & quantity the machinery of choice that the world requires, said the Minister while Textile Machinery Manufacturers to get out of command-and-control mindset and work through plug and play to make their sector vibrant in name and sprit.
“We are not averse to imports but we must reduce the import dependency of the textile machinery in India by concerted effort between Textile Engineering Industry and the Government together. Focus on quality will help to capture bigger markets and higher productivity.
He expressed hope that a modern and upgraded textile machinery ecosystem would have a cascading impact on unorganized Indian textile industry. “This would set the momentum for continuous advancement and innovation resulting into ever evolving & enhancing competitive capabilities along the value chain.”
The machinery manufacturing facility would change the inertia of the status quo, augment the dynamics along value chain and enhance the domestic consumption and further boost the exports of higher value goods while gradually reducing the import dependency, he said.
“For this it is important to synergise efforts of arms of Government between Textiles, Ministry of Heavy Industries, Digital Innovation/ adaptation possibilities in our quest of increasing efficiencies by reducing costs across manufacturing value chain.”
“We are on a mission of transformational change,” added Goyal, pointing out that the Government has set target of US$100 billion for textiles and garment exports over next five years. The textile sector has an important part to play in achieving it.”
The Indian Textile Engineering Industry (TEI) is at the cornerstone of moving up the manufacturing excellence wherein the domestic R&D, entrepreneurial spirit and exploration of Joint Ventures have ushered in new opportunities, he noted.
Talking about Production Linked Incentive (PLI) scheme and the focus on building global champions and PM MITRA scheme which is trying to bring textiles clusters, Goyal said that seven locations will be identified soon to encourage the industry and prepare a common infrastructure for plug and play.
He also urged the manufacturers to come and join PM MITRA scheme and set up manufacturing units by reaping its advantages.
The Minister acknowledged challenges like liquidity and rising costs of raw materials and freight movement. For this the Government is actively taking many steps so that the TEI can overcome from such issues confidently.
“There is no harm in getting international capital which will help in creation of jobs in India, add value and expand the entire textiles ecosystem.”
Referring to the Centre of Excellence (CoE) for textile machinery, the Minister informed that CoE at the Bengaluru-based Central Manufacturing Technology Institute (CMTI) was established for development of shuttle less rapier looms of 450 Revolution Per Minute (RPM), towards promoting indigenous technology innovation and advance manufacturing processes.
Similarly, CEFC at Bardoli, Surat, was initiated by Science Engineering and Technological Upliftment (SETU) Foundation, and will have a design center, tool room, training center and testing lab to cater to the requirements of textile engineering industry.
In Delhi, CoE at IIT-Delhi was established to focus on product development, especially with specified industry partners.
The Minister expressed hope that this very initiative of bringing all the relevant stakeholders viz industry, institutions and various government ministries on the same platform will synergize efforts and will enable TEI to enhance its energies in the areas of state-of-the-art technology R&D and export promotion. #manufacturing #exports #investment #technology /fiinews.com
