The 10th edition of India International Textile Machinery Exhibition 2016 will be held at the Bombay Exhibition Centre during December 3 to 8, 2016. Spread over 150,000 sq. mtrs., with an expected participation of 1,000 exhibitors from 93 countries across the globe, it will be the focal event for the textile and textile engineering industry in India and the neighbouring region.
The global textile machinery market is witnessing tremendous growth buoyed as it is by mounting demand. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. The growing number of technological innovations aid the market growth.
In India, the industry witnessed a growth of 8-10 per cent at Rs. 22,000 crores in 2014 from Rs. 20,000 crores in 2013. The size of India’s textile machinery industry is poised to double to Rs. 45,000 crores in the next seven years with the upcoming new projects and the emphasis on setting up textile parks. The industry is almost 60 years old and has more than 1,000 machinery and component manufacturing units. Nearly 300 units produce complete machinery, while the others produce different textile machinery components.
India’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 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 exports worth millions of dollars.
India has the potential to become a manufacturing hub for textile machinery, with abundance of skilled labour and natural resources available, provided there is due focus on research and development in order to ensure that modern and innovative technologies are developed within the country. There is also need to pay greater attention to skill development, R&D activities, new investments, etc.
The India ITME Society, the 36-year-old apex non-profit industry body, strives through “ITME Series” to push towards these goals. In order to ensure flow of latest technology and attract customized product launches for the Indian market, the Society has been organizing this mega event every four years since 1980.
India’s strategic location and democratic set-up offer 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 will serve as an ideal convergence point for all exhibitors, buyers, agents and dealers from Asian, the Middle East and European countries.
A complete solution provider under one roof to textile industry for technology upgradation, product launch, as well as networking, India ITME today is the backbone of the textile and textile engineering industry in India.
India ITME 2016 is supported by the Heavy Industries Department, the Textile Ministry, NSIC and many other domestic and international agencies, making it one of the most anticipated exhibitions in 2016.