Textile Machinery Association Signed Global Pact
Textile manufacturers can leverage new research and technology exchange agreements to streamline international operations.
Updated on Oct. 6, 2026 in Industry — General
Live Poll
Do you believe industry-level international partnerships help domestic businesses stay competitive?
The Indian Textile Machinery Manufacturers Association (ITAMMA) has signed a Memorandum of Understanding with the Indonesian Garment and Textile Association to formalize bilateral cooperation. The deal aims to enhance industry development through joint research and technology sharing.
Why it matters
The pact provides a formal framework for knowledge transfer and policy dialogue, offering manufacturers access to shared capacity-building resources. These collaborations come as the industry anticipates a significant long-term expansion in global market demand.
The global textile machinery industry was valued between $55.28 billion and $58.39 billion in 2025-2026, with a projected compound annual growth rate of 6.10 percent. These figures coincide with India's estimated GDP growth rate of 7.7 percent for 2025-26, up from 7.1 percent in 2024-25.
The players
ITAMMA
The Indian Textile Machinery Manufacturers Association serves as a primary trade body representing the interests of domestic equipment producers.
Indonesian Garment and Textile Association
This trade organization coordinates policy and industry standards for garment and textile producers in Indonesia.
Textile Association of Badlapur
A regional industry group in India that recently participated in a cooperation agreement with ITAMMA.
Shiv Kanodia
A business leader who recently noted favorable court rulings regarding taxation burdens for industries within the MIDC.
The details
The agreement, finalized during the 83rd Annual General Meeting, facilitates study visits and policy discussions between Indian and Indonesian industry representatives. By connecting these manufacturing bases, the organizations intend to streamline technology exchange and coordinate responses to common regulatory hurdles, such as the double taxation issues recently addressed in the Maharashtra Industrial Development Corporation region.
Timeline
2024-25: India recorded a 7.1 percent GDP growth rate.
2025-26: Estimated India GDP growth reached 7.7 percent.
- 2026-10-06
ITAMMA published its 83rd Annual General Report.
2034: The global textile machinery market is projected to hit $93.78 billion.
Market Landscape
This partnership follows the growth trend established by the $55.28 billion to $58.39 billion global market valuation as industry players move to secure market share. The collaboration serves as a defensive strategy against fragmented trade barriers, extending the pattern of bilateral industrial cooperation.
Manufacturers should evaluate whether their current supply chains benefit from the emerging policy dialogues between Indian and Indonesian industry groups. Firms operating in the MIDC should consult with tax counsel to assess the recent court rulings regarding double taxation relief.
The takeaway
The ITAMMA agreement signals a shift toward formalized cross-border cooperation to capture the projected growth in textile machinery. Operators should track the reported policy dialogues to identify upcoming changes in equipment standards or trade requirements.
Further reading
For broader trends affecting manufacturing, see our latest coverage on Industry — General.
Source note: This article includes information reported by Indian Textile Journal.
Live Poll
Do you believe industry-level international partnerships help domestic businesses stay competitive?
