About 130 Italian exhibitors are on hand at ITMA ASIA + CITME 2016 (Shanghai, 21-25 October 2016), occupying an overall exhibition space of more than 5,400 sq m.
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On the occasion of ITMA ASIA 2016, Santex Rimar Group will participate with all Group’s brands unified to strengthen the new mission of being the only reference partner for different solutions.
Wacker Polymers is to raise its prices for vinyl acetate-ethylene copolymer (VAE) dispersions of the VINNAPAS® brand in the Americas region.
The world technical textiles market has been growing at a rate of 5 to 7 per cent since 2010, when its size was $116.5 billion, which rose to $147 billion in 2014. This is expected to reach $198 billion by 2020, disclosed Hendrik H van Delden, Managing Partner, Gherzi van Delden GmbH. The size of the production in these years were 22.5 million tonnes in 2010 and 28.4 million tonnes in 2014, which is expected to touch 38.2 million tonnes by 2020.
Can India take its share of 4.5% in global textile trade to 9-10% by 2020? An ITJ Exclusive explores the dreams and realities. India is No. 2 in the global textile trade, next only to China. But the country?s share is a measly 4.5 per cent against the 45 per cent of China?s. The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020.
In 2015-16, technical textiles market reached Rs 92,499 crore, of which the agro-textiles share is Rs 1,191 crore, which reflects only 1 per cent of the total. But for a country like India, which thrives on an agricultural economy, the scope is immense. ?We have not even touched the surface of the market, and we have to penetrate deep and explore the potential.
?In technical textiles, we are doing something, but not enough. There is a long journey, but we have not even started it. We have just only 2200 units in technical textiles in this whole big country. Even in the nine textile research associations, which have been entrusted with the tasks of Centres of Excellence, not much has been done. We need a lot more efforts,? the first few sentences from the Textile Commissioner, Dr Kavita Gupta.