Texmac India 2009 fair recieves encouraging response
Despite current recessionary conditions in the textile industry around the world, texmac India fair has received encouraging response especially from companies in Italy, Germany, Great Britain, Spain, Turkey, USA, China, Japan and Korea. Six months before the event over 100 overseas companies have already reserved space at the forthcoming texmac India fair scheduled to be held at Pragati Maidan, New Delhi from 15 – 18 April 2009.
These include leading companies like CTMTC, Brückner, Dilo, Körting, Rauschert, Truetzschler, Biancalani, Marzoli, SMIT etc. This indicates that companies around the world are optimist about India and the texmac India fair.
Industry circles feel that Indian textile industry will pick up and show strong growth 2009-10 onwards. Chinese sources themselves admit that the industry has lost the competitive edge in the last one year with labour becoming costly and the Government laws turning stringent on small, polluting units. Many international textile giants, which have set up huge manufacturing facilities in China, are operating at 30% to 40% capacity and are on the lookout for markets in Asia.
All this, coupled with the exchange rate advantage that Indian companies enjoy because of recent weakening of the Rupee, holds bright hopes for the growth in the Indian textile industry and the resultant demand for textile machinery. Another area which holds good hope for the Indian textile industry is the Non-Wovens and Technical Textiles.
According to one study of the Texas Tech University in USA, India's growth in the technical textile industry in the next two decades will be faster than the one witnessed by the US and Europe in the last three decades and India's technical textile industry will be worth 12 – 15 billion Dollars by 2012, which will be 10% of the global value.
The optimism about India is also shared by the Indian textile industry. It can be gauged from the large turnout of Indian visitors at the recently concluded ITMA Asia fair in Shanghai. It is reported that the fair attracted about 2000 visitors from India, the largest number from outside China.
These are all positive developments & indications for the success of the forthcoming texmac India fair. The timing of the texmac India - April 2009 by when the textile industry is likely to revive, and the venue of the event - Pragati Maidan, the largest and the best fair ground in India, make this event all the more attractive to participate.
The grand success of the premier edition of the fair held in 2007, the professional approach of the organizers - Fair Design India Pvt. Ltd and IMAG, Germany, and support extended by organizations like CITI (Confederation of Indian Textile Industry), VDMA (German Engineering Federation's Textile Machinery Division), BTMA (British Textile Machinery Association), ACIMIT (Italian Textile Machinery Manufacturers' Association) and other prominent international associations make the participation in texmac India an attractive preposition.
Texmac India 2009 will also be coinciding with the ATEXCON Conference that will be taking place at the same time.