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India - Survey of the textile machinery industry (Inglês)

A review of the textile machinery industry revals the modernization and expansion requirements of the industry, which is potentially India's largest foreign exchange earner. By international standards, the industry has a number of structural weaknesses. Total output is small and production is fragmented among many firms producing similar machinery. Products and plants have not been updated, and research capabilities are inadequate. Development of the industry will require modernization coupled with development of an export-oriented textile industry, but will take considerable time to take effect. The thrust of suggested changes is: (i) make production for export more profitable; (ii) relate access to the domestic market to export performance when appropriate; and (iii) enable industries with potential comparative advantage to establish a sufficiently large production to compete in export markets. A comprehensive background note in the India textile industry is included.

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