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Surat-based Premier Looms will start local production of ‘air jet’ weaving looms in a year, said A.K. Bidiwala, who heads sales and marketing at the company.
The company launched its high speed rapier (500 rpm) and high speed ‘water jet’ looms at the Global Textile Technology Engineering Show here.
Mr. Bidiwala told The Hindu that the company currently imported ‘air-jet’ looms and assembled them in India. It will start local production in a year. Premier is looking to almost double its annual turnover to ₹300 crore in FY26 from the current ₹160 crore. It had invested ₹250 crore so far in machinery and make additional investment of almost ₹50 crore.
There are orders for almost 500 new installations of the high speed ‘water jet’ looms, mainly in Gujarat. The company is also looking at expanding across textile clusters, he added.
(The writer is in Mumbai at the invitation of India ITME Society)
Published – February 21, 2025 07:55 pm IST
