India-ITME 2016 targets over 1,000 exhibitors
Two new chapters, a plethora of new product launches at the event and much improved infrastructure - these are the promises that the India-ITME Society extended during a recent interaction the media had with its Chairman Sajiv Lathia and the Executive Director Seema Srivastava, at the Hotel Trident in south Mumbai.
Two new chapters, a plethora of new product launches at the event and much improved infrastructure – these are the promises that the India-ITME Society extended during a recent interaction the media had with its Chairman Sajiv Lathia and the Executive Director Seema Srivastava, at the Hotel Trident in south Mumbai.
Â´Make in India is the policy of the Government today, and India-ITME Society, being a non-profit organisation, is keen to promote this concept for the benefit of the textile industry. The India-ITME Society will be initiating its roadshow right from ITMA. We have already received good response from many new countries and even the visitors registration have already started. A new automation system in booking space has made things easy and transparent and exhibitors will be spared of unnecessary exertions in following up their booking and subsequent progress in the build-up to the event,Â´ said Srivastava.
The 10th edition of India International Textile Machinery Exhibition 2016, the largest textile machinery and accessory exhibition in India is to be held from December 3-8, 2016 at Bombay Exhibition Centre, Mumbai. Spread over 1,50,000 sq m, with expected participation from 93 countries and strength of about 1,000 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 neighbouring 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 IndiaÂ´s textile machinery industry is poised to double to Rs 45,000 crore in the next seven 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 1,000 machinery and component manufacturing units. Nearly 300 units produce complete machinery and the remaining produces various textile machinery components.
IndiaÂ´s textile and apparel industry (domestic exports) is expected to grow from the current $107 billion to $223 billion 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