The ITME Society's knowledge session on Indian textile machinery manufacturing served as a crucial platform to address the industry's current landscape and chart a course for its future. Speakers emphasized the remarkable progress made, highlighting India's emergence as a key player in the global market. "We've come a long way," noted Manisha Sensarma, Economic Advisor, MoT, "but the journey towards global leadership requires sustained effort and a focus on cutting-edge technology."
Discussions revolved around the need for continuous innovation and technological advancements to maintain competitiveness. Experts stressed the importance of investing in research and development, focusing on automation, sustainable practices, and Industry 4.0 technologies. "The future of textile machinery lies in automation and smart solutions," M Sankar, President, LMW, asserted. "We need to embrace these technologies to enhance efficiency and productivity." The session also underscored the significance of government support through favorable policies and initiatives to boost domestic manufacturing and exports.
A key takeaway was the industry's potential to become a global leader. Speakers emphasized India's strengths, including a skilled workforce, a growing domestic market, and a rich textile heritage. By leveraging these advantages and focusing on quality, cost-effectiveness, and timely delivery, Indian manufacturers can capture a larger share of the global market.
The session concluded with a renewed sense of optimism and determination. Industry leaders expressed their commitment to collaborate and work towards a shared vision of making India a global hub for textile machinery manufacturing. The ITME Society's initiative served as a timely reminder of the industry's potential and the need for collective efforts to realize it.
