Wednesday, October 7, 2015

India ITME-2016 - the “Game changer & catalyst” for Textile industry & Textile Machinery manufacturers


Photo caption from Left  Ms. Seema Srivastava, Executive Director, Narendra Shah-Past Chairman, Sanjiv Lathia-Chairman, G.T. Dembla-Past Chairman

Mumbai, 7th October, 2015: The 10th edition of India International Textile Machinery Exhibition 2016, the largest textile machinery and accessory exhibition in India is to be held from 3rd to 8th December 2016 at Bombay Exhibition Centre, Mumbai, India.  Spread over 1,50,000 sq. mtrs, with expected participation from 93 countries and  strength of about 1000 exhibitors  from across the globe in 17 chapters spanning the textile segment from raw material to finished products, India ITME 2016 is the focal event for the textile and textile engineering industry in India and in the neighboring region.

Global Textile machinery market is witnessing tremendous growth buoyed by growing demand of textile & apparel market. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. One of the major trends in the Global Textile Machinery market is the growing number of technological innovations.

In India, industry witnessed a growth of 8-10 per cent to Rs.22,000 crore in 2014 from Rs 20,000 crore in 2013.  The size of India's textile machinery industry is poised to double to Rs 45,000 crore in the next 7 years from the present Rs.22,000 crore in light of new projects and emphasis on setting up textile parks. The textile machinery manufacturing section is one of the important segments of the machinery manufacturing industry in India.  This industry is nearly sixty years old and has more than 1000 machinery and component manufacturing units. Nearly 300 units produce complete machinery and the remaining produces various textile machinery components.  

India’s textile and apparel industry (domestic + exports) is expected to grow from the current US $ 107 Bn. to US $ 223 Bn. by 2021.  India is expected to be a leading textile producing country in the world by 2020. The strength of the Indian textile industry is very apparent from the robust attendance by the Indian delegation in all international textile machinery shows. However, the domestic textile engineering industry is unable to fulfill the industry demand and a large volume of textile machinery is sourced from European countries, which is relatively costly. For textile machinery manufacturers from Switzerland, Germany, Belgium, Italy and Spain, India remains the most important market with the export worth millions of dollars.

India has the potential to become manufacturing hub in the textile machinery, with abundance of skilled labour, low cost and natural resources available, provided sufficient focus is given on research and development in order to ensure modern and innovative technologies are developed in our country. Today the need of our country is skill development, research activity, new investments and new market development. India ITME Society, a 36 year old apex non-profit industry body has continuously strived through “ITME Series” to facilitate and push towards these goals. From 1980 onwards to ensure flow of latest technology and attract customized product launches for Indian market, the Society has been organizing this once in 4 years mega event.

India’s strategic location and democratic atmosphere offers easy access to all neighboring economies as well as offer opportunity to experience the pulse of local customers, especially Indian markets with their huge population base and growing rural markets.  The 10th India  ITME to be held in December 2016 will serve as an ideal convergence point for all exhibitors, buyers, agents and dealers from Asian, Middle East and European countries.

With many new countries and 137 new companies, who have never before participated in India ITME, two new Chapters on display, the 10th Edition of India  ITME  Exhibition is designed to be  Bigger,  Better,  Bolder than ever before.  A complete solution provider under one roof to textile industry for technology up-gradation, product launch, as well as networking, India ITME today is the back bone in Textile and Textile Engineering Industry in India.  It is one of the premium events globally with 93 countries ensuring their presence as exhibitor and visitor. It is a pride for Mumbai city as well as our nation to host such a prestigious business event next year.

India ITME 2016 is supported by Heavy Industries Department, Textile Ministry, NSIC and many other domestic and international organizers, making it one of the most anticipated exhibitions in the year of 2016.

The 10th Edition of this event compliments our Governments “Make in India” Campaign and an International Press Conference and Networking Event is organized in Milan this November to invite international visitors to ITME next year.

India ITME-2016 is much anticipated & looked forward by Industry member, Technical Study Students Researches, Education of Textile & Textile Engineering Industry.  It’s a catalyst to realize our future goals and growth target for Indian Textile and Textile Engineering Industry.  This is a must participate, must visit, event, if you are in textile business.

No comments:

Post a Comment