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THE TEXTILE MAGAZINE
AUGUST 2011
So far as the textile engineering industry (TEI) is con-
cerned, the condition improved during 2010-11 with a
better performance put up by the textile industry.
Capacity utilisation
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2008-09 the estimated annual installed capacity of TEI
was Rs. 8,048 crores. The total provisional production of
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recorded an increase of 45 per cent at Rs. 6,150 crores as
against Rs. 4,245 crores achieved during the previous year.
tMMA AGM
By Mr. Anuj Bhagwati, President, TMMA*
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compared to 53 per cent in the preceding year. Demand
recession faced by the industry had severely affected ca-
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zation might improve further during 2011-12.
Imports of textile machinery have risen from Rs. 4,500
crores during 2009-10 to Rs. 5,000 crores (estimated) dur-
ing 2010-11.
Exports during 2010-11 had been estimated at Rs. 650
crores against Rs. 582 crores achieved during 2009-10.
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Industry:
Current scenario
and future outlook
Mr. ANUJ BHAGWATI
T
he GDP growth during 2010-2011 was 8.5 per cent as
compared to 7.4 per cent during the preceding year. !e
Index of Industrial Production (IIP) was at 8.2 per cent
during 2010-11 as compared to 10.4 per cent during 2009-2010.
!e foreign exchange reserves have risen from $280 billion in
2009-2010 to $305 billion the next year. However, in$ation re-
mains high: it was at 9.9 per cent as on March 31, 2010, at 8.9 per
cent in March 2011 and was hovering around 9 per cent during
June 2011. !e capital goods sector which grew by 27.4 per cent in
March 2010 grew only by 12.9 per cent in March 2011, while the
manufacturing sector grew by 7.9 per cent as against 16.4 per cent.
Mr. C. Arunachalam, General Manager - Exports, LMW,
receiving the TMMA Apex Export Award 2010-11 from the
Chief Guest, Mr. Parakramsinh Jadeja, Chairman & Manag-
ing Director, Jyoti CNC Automation Pvt. Ltd.
Mr. Dipak N. Shah, Director and Mr. Venkat Reddy, Manag-
ing Director, Kusters Calico Machinery Ltd., being present-
ed the TMMA Segment Export Award 2010-11 for Machinery
Sector