This article navigates through the intricacies of bearing technology in textile machinery, spotlighting advancements, challenges, and solutions. It further unravels the central role of bearings in shaping the future of India's textile industry, driving sustainability, efficiency, and digitalisation to new heights.
As the world's second-largest producer of textiles, India's exports span apparel, home goods, and technical products, holding a 4% share of global trade. In 2022, the industry was valued at $165 billion, expected to grow at a 10% CAGR to $350 billion by 2030.
To fuel further growth, the industry is set to receive ₹95,000 crore in investments over the next four to six years. These investments, driven by government schemes like the Production-Linked Incentive (PLI) programme and the proposed PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks, aim to create over 2.25 million new jobs.
The textile industry comprises a diverse range of machinery tailored to meet the specific requirements of textile production. From spinning and weaving to dyeing and finishing, these machines form the backbone of India's textile manufacturing sector. The textile machine industry provides cutting-edge equipment and solutions to enhance productivity and quality. Strategic planning by the government bodies and industry associations is pivotal in fostering the growth of this.
Innovation and Technology in Textile Industry
This story is from the Efficient Manufacturing - June 2024 Issue edition of EM - Efficient Manufacturing.
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This story is from the Efficient Manufacturing - June 2024 Issue edition of EM - Efficient Manufacturing.
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