India ITME 2012 opens doors to the world

Dyeing, Printing, Processing

India ITME 2012 opens doors to the world

The ninth edition of India ITME has begun. The much-awaited textile technology event is at an opportune time, as the industry is just recovering and textile manufacturers are finalizing expansion plans.

The Restructured TUFS is in place, various states now have their own textile policies, the industry is one of the growth drivers of the Indian economy. Realizing the potential, Indian and international exhibitors have in their portfolios, something new, something special for the Indian market, over and above what they have showcased at ITMA Barcelona and ITMA Asia. Some technology suppliers have stated that they would make India ITME the launch pad for their developments for the Asian markets in the coming years.

India ITME 2012 has around 750 exhibitors, and more than 100,000 visitors are expected. Organizers, this time, have tried to complete the textile technology portfolio. Thus, for the first time, garment manufacturing and textile dyes and chemicals companies have participated in the show. Being termed a `Gateway Event' for one of the largest textile markets in the world, India ITME Society has brought in delegations from eight countries, who had, in the previous editions, stayed away from India ITME, for no particular reason. This ensures even greater interaction with a global audience at the show. The exhibits at the show, as always, will be state-of-the-art, high tech machinery, innovative technology and accessories, and services related to textile engineering, from the world's leading machinery brands. India's demand for machinery is increasing in spinning, textile finishing, embroidery and garmenting. Also, as the industry faces a short supply of skilled and unskilled manpower, automation solutions will be high on the list of visitors. The Indian market for nonwovens and technical textiles is gradually maturing, invesments in modern lines has begun, and this is another area of interest for visitors. It is expected that in the long term driven by the demand for nonwoven textile products specially from Chinese and Indian economies, the global market for textile machinery will reach US$ 20.15 billion by the year 2015.

Opportunity for the participants to explore joint ventures, business collaborations, technology transfer and investment is huge especially for foreign participants & research institutes who have now technology for commercialization.

Around 33% of the TEI in India is willing to modernize and expand its current capacities, building and infrastructure, procuring new machines and exploring product diversification. These units have enrolled investments worth US$ 128.2 million (Rs 6.41 billion) for the same. Presently many Indian companies have joint ventures with foreign companies viz. Toyoda,Truetzschler. Zinser, Stovec, Rieter, to name just a few.