The Indian textile machinery industry is expected to touch Rs 45,000 crores by 2022. Right now the industry is worth Rs 22,000 crores. It grew by 8 to 10 per from 2013 to 2014.

The textile and apparel market in the country is growing. New projects are being planned and there is an emphasis on setting up textile parks. For textile machinery manufacturers from Switzerland, Germany, Belgium, Italy and Spain, India remains a very important market.

India is expected to be a leading textile producing country in the world by 2020. The Make in India program is expected to help the textile sector by way of increase in demand for modern machinery. The country has the potential to become a manufacturing hub in textile machinery and has an abundance of skilled low cost labor and natural resources. But for this, sufficient focus has to be given to research and development in order to ensure that modern and innovative technologies are developed in the country.

The tenth India International Textile Machinery Exhibition will be held in Mumbai, December 3 to 8, 2016. This is the largest textile machinery and accessory exhibition in the country. It will be spread over 1,50,000 sq mts and is expected to witness participation from 93 countries.