“Stimulating Growth for Aatmanirbhar Bharat: Leveraging Global Opportunities Post Pandemic”
CII Associations’ Council (ASCON) is an important forum of CII which brings together National level Associations from across sectors on a common platform. The latest edition of this summit happened on October 9, 2021 at New Delhi.
Taking the Message of our Honourable Prime Minister Mr Narendra Modi- Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayaas, the Union Minister for Textile, Honourable Piyush Goyal emphasised on manufacturing high-quality machinery and products that can be easily exported.
The recently launched PLI scheme for textiles is a step towards an Aatmanirbhar Bharat. It will boost the textile industry and will enable in establishing a number of globally reputed companies. Through these steps, the government is advocating reducing dependence on imported machine tools and creating machinery manufacturing eco-system to meet the gap with domestic machinery production and demand.
Earlier during the sectoral roundtable discussion, the Executive Director TMMA(I) Mr. Sachin Kumar, gave an overview about the Indian TEI and elaborated about the challenges and ideas of the domestic industry. The industry envisages acquiring technological strength in all sectors to meet more than 75% of the domestic demand for high- tech machinery. This will help in making India a manufacturing hub for textile machinery, parts/components and accessories, contributing further to employment generation & national GDP.
TMMA(I) proposed to bring in policy for supporting technology R&D and its commercialization. Issues related to Infrastructure, Liquidity, Used Machine Import, Inverted Duty, Old FTA and GST Reimbursement were raised. Besides ideas to bring schemes for brand building, Mega clusters, PLI for Indian TEI, IPR Timeline, and Scrapping Old machines were recommended.
The Indian Textile Engineering Industry (TEI), with a negative CAGR of -4% in 2014-15 is expected to grow to a CAGR of 7.39% by 2025-26. This is a result of rising demand in the textile printing industry. Mr. Smarth Bansal – Member- TMMA(I) (GM ColorJet Group, Noida) attended DPIIT – CII ASCON SUMMIT 2021 as a sectorial representative of Textile Machinery Manufacturers’ Association (India). Mr. Bansal discussed with Hon. Minister Mr. Piyush Goyal about textile printing and how ColorJet is leading the path of digitalization of textile printing worldwide. ColorJet, India’s largest manufacturer of
Digital Inkjet Printers, is fulfilling the vision of Honourable Prime Minister Narendra Modi by manufacturing world-class Digital Textile Printers that are being applauded and installed worldwide. ColorJet’s Digital Textile Printers have presence in over 20 countries including European countries, UAE, Australia, and China. Textile industry is the second most polluting industry and having sustainable digital textile printers is the need of the hour.
The shift from traditional textile printing to digital ensures reduction in the carbon footprint. ColorJet’s R&D department, which is recognised by the government of India, offers efficient engineering to provide customers with sustainable textile printing alternatives. The Direct to fabric printers from the house of ColorJet have in-built water filtration system that reduces water consumption by 98%. The compact and energy efficient DTF printers offer 42% less energy consumption. Pigment and sublimation printing provides zero water consuming printing solutions.
ColorJet has been providing employment opportunities to skilled personnel, students, engineers, and many more.
ColorJet is contributing to Regional Value Content (RVC) with an addition of more than 50% and has entered into trade agreement under AIFTA (Asian-India Free Trade Area) cooperation between The Republic of India & the South East Asian Nations. ColorJet customers will get the benefit of zero MNF tariff rates.
In the end, ColorJet seek support for from Honourable Cabinet Minister Mr. Piyush Goyal for future research and development.
