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India has witnessed continuous increase in production of Textile spare parts over the last decade.Exports of textile machinery spare parts are likely to grow up this fiscal, after a year of marginal growth registered in 2016-2017 due to lower demand. The issues like Demonetization and GST have affected the sentiments however, this is expected Microfiber Bath Towels Manufacturers to be corrected in six months period and investments will start picking up in Textiles sectors. Import of textiles industry spare parts has been continuously rising from China and trend will be continued this year as well.

Govt. This year, export of equipment for spinning, spinning accessories, weaving preparatory and of other accessories is likely to grow in the range of 15-20%, Accordingly to TMMA sources, In Textile machinery, accessories and spare parts industry, 32% of domestic demand have been met indigenously whereas Imports amounted to ₹10,098 crore in the last fiscal year 2016-17. Growing Bangladesh market & other South Asian countries holds excellent potential for spare parts for India machinery spare parts manufacturers. According to Textile Machinery Manufacturers' Association.

India, machinery exports in 2016-2017 were worth  crore compared with  crore the previous year. Total production of textile machinery in India in financial terms was to the extent of  crore, including spares and accessories.

of India is keen to promote local manufacturing of Textiles machinery, accessories and industrial machinery spare parts through foreign direct investment and joint venture. Countries like Bangladesh imports 70 % of their requirements of Textile spare parts and Indian companies have excellent potential to export textile machinery spare parts in Bangladesh, Pakistan, Vietnam and African countries