According to a recent research performed by the Indian Texpreneurs Federation, textile firms in the state are eager to invest in order to build new capabilities or expand current ones.
The survey included 257 units from across the value chain, with a combined annual turnover of 36,000 crore, comprising spinning, semi-integrated, integrated, weaving, garment, processing, and home textile units.
According to a Federation press release, 76 percent of the polled enterprises expect to double their present business in three to five years with a new capex cycle.
More than half of the companies that took part in a survey by the Tamil Nadu Textiles Federation (TNTF) are keen to explore the IPO option. In the value chain, home textiles, weaving and apparel segments are showing better momentum in terms of growth. Several units are also looking at investing in renewable energy, especially solar energy, the TNTF survey found.
