Textile machinery industry to touch Rs 35,000 crore in 5 years

The textile industry is the second largest employer in India after agriculture.

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MUMBAI: The size of domestic textile machinery industry is poised to hit Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore on the back of government initiatives like ‘Make in India’, an industry member said today.

“The textile machinery manufacturing section is one of the important segments of the industry in India,” India International Textile Machinery Exhibitions Society Chairman Sanjiv Lathia told reporters here.

“With the Government’s initiativ ..

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