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Synopsis Title: Financing of textile machinery Name: Shruti Jain

The Indian Textile Industry is one of the largest in India. After a decade of slow-down in the textile sector due to a variety of factors like quota restrictions for exports, high cost of cotton and low domestic demand, the industry is now on a recovery path. This has become possible due to lifting of quota restrictions, Govt.s encouragement and incentives, higher domestic demand for branded garments and better GDP. All these factors predict a rosy picture for the textile sector.

The research has been conducted to get an insight into the size of the textile industry, size of textile machinery, new and used, and their viability so as to enable ABN AMRO Bank to consider financing of the textile units.

Various recommendations have been made as per the findings of the research and survey.

During the research and survey, the suppliers of textile machinery were visited and details about their product profile, latest models, price range etc., their customers and manufacturers were studied. The information about tie-ups of textile manufacturers with the financial institutions, terms of finance and their perception about ABN AMRO Bank was also collected.

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