GTTES to help SME exhibitors showcase textile machineries

05 May '14

4 min read

On expectations from the new government to be formed later this month, Mr Lathia says, “The intentions of the current government towards the capital goods and engineering sector are very good. Going a step forward, we would like the new government to play a major role as a facilitator and help us.”

He continues, “One of our long standing demands has been to not provide TUFF subsidy or give duty benefit to used and old technology textile machinery imported from foreign countries. This has led to setting up of companies in India, which import and refurbish these machines. This acts as a disincentive for Indian textile machinery producers to design and develop new technology”.

Mr Bhagwati adds, “The Textile Committee at CII has submitted a vision document to the government, which outlines the expectations of the Indian textile machinery industry from the government”.

Ms Srivastava expects the new government to take decisions with clarity and execute them with speed and expects that policy decisions should have a vision of the future, since smaller neighboring Asian countries are now overtaking India in exports of apparels.

On a parting note, Mr Lathia appealed to all the SMEs in the textile machinery manufacturing value-chain to take advantage of the tradeshow and also revealed that GTTES plans to make entry for visitors free to ensure that more and more relevant visitors visit the tradeshow.

Ms Srivastava added by saying that India ITME Society is a non-profit industry body and the objective of the body is to provide a platform to Indian textile machinery producers and GTTES was another such offering and requested exhibitors to showcase at GTTES to move with the times and rise up to the challenges of global competition.

Mr Naresh Mistry, Director of Perfect Equipments Pvt Ltd and one of the participants at the road show was very gung-ho about GTTES. He said, “We will definitely take part as an exhibitor, as the GTTES concept is very good and more so since we have started production of machinery related to technical textiles.”

Fibre2fashion News Desk - India

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