Much awaited Heimtextil India fair opens from Oct 10
With two months left to go, the 10th edition of Heimtextil India is preparing to open its doors from 10-12 October 2009 at the Bombay Exhibition Centre, Mumbai.
The fair, in its tenth year, continues to be an important event for the country's textile industry despite difficult times, because it is here that the presence of international buyers is the highest and business can take place in a professional atmosphere. As expected, Indian textile exports remain flat in the global climate of economic downturn. India's textile exports declined by 2% in 2008-09 to reach $21.75 billion due to a slump in global demand. The industry is hopeful of achieving a 5% growth in 2009-10.
To assist exporters, the Textile Ministry will be including special packages for more subsidies for interest on loans, higher input duty reimbursements and additional funding for technology up- gradation. “India has a lot to gain by upping the competitive leverages in a vital sector like textiles. The Indian Textile industry is not only among the top exports earners, but it is also an area where the country has at least reached the halfway point towards the coveted 5% share we are aiming at in global exports. Textile exports may pick up in the next four months, as industry players seek opportunities in new markets,” says Industry Secretary General Mr. DK Nair.
The country's textile industry will also profit from the cut in excise duty and service tax since textile products are becoming more cost competitive. Another area of significance is that the TUFS (Technology Upgradation Fund Scheme) has been extended up to 2012 with some new features, making it easier on the textile manufacturers. “Keeping all of these factors in mind, international buyers from new markets have been heavily targeted by Messe Frankfurt India. This has brought in good results for the Indian exhibitors, despite flagging economies worldwide. Buyers from countries like Australia, South Africa, the South East Asian countries and the Middle East are already familiar with Heimtextil India as a rich sourcing point and are once more visiting the fair”, said Shammi Nagpal, Managing Director of Messe Frankfurt India. Heimtextil India is definitely the annual meeting point for India's home fashion producers and despite lesser numbers this year, it will continue to inspire with innovative products and creative designs. The fair will feature the entire gamut of products ranging from furnishing fabrics, curtains and accessories, furniture fabrics, furniture leather to carpets, floor coverings, accessories, bed linen, table decorations and bathroom textiles. Among the exhibitors are K.K.P Fine Linen Pvt. Ltd. from Mumbai who will be displaying a unique range of newly developed designs in jacquard, embroidery and printed bed linen with international colour standards.
Inspirations from Mumbai will be presenting new designs in multicoloured quilts and chenille using only the weft process. Taiwanese manufacturer Herng Long Co. Ltd. will be showcasing decorative café rods, mini-café rods, spring tension pods, decorative curtain poles, curtain accessories, among others. Heimtextil India is supported by leading associations like the Powerloom Development Export Council, the Indian Silk Export Promotion Council; the Cotton Textiles Export Promotion Council, the Handloom Export Promotion Council; Textiles Committee, Govt. of India, Ministry of Textiles and the Jute Manufactures Development Council, all of whom are appreciative of Messe Frankfurt's efforts to ensure business prospects for its manufacturers via its international brand.