ACIMIT to promote automotive textile machinery in India
The Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Italian Institute for Foreign Trade (ICE) will organize a technical workshop on Italian technology for Automotive Engineering Innovative Materials in India. Business Co-Ordination House (BCH) will be the co-oganizer of this symposium. The event will occur in New Delhi, on 22 January, 2009.
Indian textile industry is one of the leading world producer and exporter of textile and clothing items and therefore one of the most important potential markets for textile machinery. In the last years India is growing also as producer of textiles for technical uses and nonwovens. Among the different end user market for technical and innovative textiles, automotive industry is gaining fast recognition to be one of the most dynamic one.
Large infrastructure development projects underway in India combined with favorable Government policies will drive growth in automotive sector for the coming next few years. Hence there will be a further boost in the demand of automotive textiles.
At the technological meeting some Italian manufacturers of machinery for technical textiles and nonwovens will introduce their updated technologies, as well as exchanging views and ideas on technology and holding trade talks with local textile operators.
In 2007 Italian sales to India were Euro 135 million, confirming India as one of the leading foreign market. In the first half of 2008 Italian sales in the Indian market reached a value of Euro 67 million.
The most requested Italian machinery were the spinning ones (33% of the total export toward India), followed by weaving machines (24%) and finishing machines (23%).
300 Italian companies (with 20,000 employees) that in 2007 produced machinery for a value of about Euro 2,400 million, pay the highest attention to the requests of the textile industry to propose new solutions of innovation, productivity, safety with the utmost satisfaction of their clients.
The quality of the Italian textile technology is testified by the high number of Countries where the Italian machinery are sold: about 130. In 2007 exports represented 78% of total sales. Asia (with a share of 43%) is the main destination for Italian sector exports, followed by Europe (38%), Latin America (9%), North America (5%) and Africa (5%).
The sector of technical and innovative textiles is a reality which is gaining more and more importance in terms of size, thanks to the technological features of its products and to its continuous offer of new and promising market niches.
ACIMIT estimates that about 100 of its member companies are involved in the production of machinery for technical textiles or nonwovens. This sector is observing a steadily growing turnover, accounting for 10% on the total turnover of Italian textile machinery industry.
The workshop in New Delhi is part of ACIMIT and Italian Institute for Foreign Trade promotional programme for technical textiles and nonwovens sector, which in 2009 includes also a Meeting Point “Italia” to Techtextil Frankfurt, two workshops in China, one workshop in the United States and other activities focalized on Brazilian market.