The spinning industry in India has truly emerged world-class, with the youngest machinery installed among all the textile-producing nations and with 30-40 percent higher productivity than even China. The higher capital cost is, therefore, better absorbed by the Indian spinners as compared to their Chinese counterparts. Besides machine productivity, the Indian spinning industry has mastered the art of rapid training of the workforce. With little support from the Government, the industry has been able to develop its own training manuals in most Indian languages and within three months prepare a world-class workforce, even out of uneducated, under-nourished farmhands.

It is little wonder then that yarn has been the most dominant growth driver among the various textile products exported, with its exports growing at a 30 percent y-o-y in value terms. Should the few policy aberrations that creep in from time to time get resolved, investment in this evolved manufacturing sector will grow rapidly, particularly in States where cotton is surplus and attractive incentives are being offered.

The global Spinning Machinery market is valued at 4210 million US$ in 2018 is expected to reach 6620 million US$ by the end of 2025, growing at a CAGR of 6.7% during 2019-2025. The most relevant spinning systems are ring spinning (c.65% market share), followed by rotor spinning (c.30% market share), and air-jet spinning (c.2%–5% market share). Exotic spinning principles such as friction spinning are not taken into account here as the utility is not very high. Major vendors are currently focusing on improving their market shares by enhancing their presence across various geographies. Realizing the increased demand for textile and availability of low-cost labor in emerging economies such as India, established players are currently focusing on expanding their footprint in developing countries.