India is vigorously developing the textile industry. How does China's textile industry seize develop

In recent years, the rapid development of India's textile industry has been quite remarkable. Accordingly, the number of textile equipment in India has increased dramatically and demand has diversified. For Chinese spinning companies that want to enter the Indian market, they must do their homework and keep improving the quality and technology of the products to tap the Indian spinning market.

From December 7, 2017 to December 10 in 2017, India international textile machinery exhibition will want to open the doors of the Indian textile machinery market of China textile machinery enterprises to build a communication platform.

In recent years, India has vigorously developed the textile industry, and currently only ring spinning is close to 50 million ingots, second only to China and the second largest in the world. At the same time, Indian textile equipment is constantly updating and replacing. In the face of such a large Indian spinning market, how many opportunities will Chinese spinning companies have? What is the development trend of the Indian textile equipment market? Which machines are more competitive in India? These are the Chinese spinning companies that want to open the door to the Indian spinning market and are eager to understand and pay attention.

In recent years, the government of India to the textile industry support, after turning to the corresponding spinning enterprise support policies to reduce gradually, a new spinning mill in India at present basically does not have too many preferential policies. Look from the recent customs statistics data, the export of Chinese textile machinery equipment to India is the largest amount of knitting equipment, including circular machine, flat knitting machine, and the warp knitting machine, the second is the weaving equipment, then printing and dyeing, chemical fiber equipment. Weaving equipment will be a priority for Indian imports, as the Indian government encourages Indian companies to further process and extend the industrial chain. At present, the high-end weaving equipment into the Indian market also cost-effective problems, because of the price of weaving equipment in China and Japan, Europe, compared with the price in production of weaving equipment, the gap is not very big. In the eyes of Indians, Chinese textile equipment is at least 20 to 30 percent of the difference between Japanese and European textile equipment in terms of the same configuration and performance, which can be accepted by Indian companies. But the reality is that prices are only about 10 per cent lower, so Indians are keener to buy Japanese and European weaving equipment. In this case, it's really hard to get the volume up.

The chemical fiber industry is a key development of India. India now produces less fiber, including less energy per person, so there will be plenty of room for development in the future. But chemical fiber equipment has some special requirements for financing. Because the construction cycle of chemical fiber project is long, the capital recovery time is also long and the amount of one-time investment is large, so many customers require the supplier to provide financing services. At present, the cost of financing in China is calculated and the financing period is within 5 years, and the annual rate is 6% ~ 7%. The European financing period is 7 ~ 9 years and the annual rate is only 3%. Even though China's chemical fiber equipment is 10 percent cheaper than European equipment, the overall cost is not so large given the cost of financing, so Indian customers prefer European chemical fiber equipment.

There are planned steps to expand the Indian market

India's indigenous textile machinery manufacturing is not low, but it is small and difficult to meet the needs of its domestic enterprises. So, China textile machinery enterprises to enter the Indian market is not an easy thing, must work hard in technology, quality, both at the same time, you have to set up the perfect marketing network and after-sales service system, has it been possible to open the door to enter the Indian market. This will require China's textile machinery and equipment companies to seize the opportunity to expand the Indian market in a planned and step-by-step manner.

From the current development of the Indian spinning equipment, the Chinese spinning equipment will enter the Indian market, and the competition in all aspects is very fierce. Like cotton spinning equipment, it mainly competes with local Indian spinning enterprises. Weaving equipment and chemical fiber equipment mainly compete with European and Japanese spinning enterprises. In the field of weaving equipment, Japan's Toyota and Tzu are doing well. And with the devaluation of the yen, the price difference between our looms and the looms is not large, so the competition is more difficult.

Indians are very good at doing business, but they are also very difficult to deal with because they are very demanding in terms of equipment performance. But the price is also to "kill" to the lowest, very picky about products. But because there is a big demand in India, people are very interested in this market. Chinese textile companies that want to enter the Indian market must do their homework and keep improving the quality and technology of their products to tap the Indian spinning market.

Do You Have Any Questions?

Submit a business inquiry online.