Second edition of Techtextil India'09 attracts global attention
The second edition of Techtextil India - International Trade Fair
for Technical Textiles and Nonwovens to be held from October 10 – 12, 2009, at the Bombay Exhibition Centre, Mumbai, is already attracting a great deal of global attention.
Visitor registrations for the event are at an all - time high, with more than a month left to go. Despite the downturn in the global textile industry, technical textiles are proving to be an increasingly strong inspirational force for the industry. They are constantly expanding their market share and are ushering in a new era of functions and applications. India itself is at the threshold of technical textile development, which is set to play a huge role in the development of the country's various facilities, thus offering the greatest growth potential in this sector. Technical textiles represent a multi-disciplinary field with numerous applications in diversified fields such as medicine, aerospace, sports, defence, agriculture and construction.
“The technical textile industry in India has a high potential to attract investments worth $1.03 billion and generate around 3 lakh additional employment by 2012. Since India has highly skilled manpower and abundant availability of raw material, it can emerge as a key player in the technical textiles industry”, says Mr. Dayanidhi Maran, Union Textiles Minister. “According to analysts, the real world growth in the end-use consumption of technical textiles lies in Asia and the fastest growth prospects lie in new markets like India”, says Ms. Shammi Nagpal,Managing Director, Messe Frankfurt India. “In India, a huge demand for technical textiles is building up due to various application areas and the various sectors it affects. The unique feature of the industry, are the abundant opportunities in both domestic and international markets. It is the most lucrative area for investment in the country.
Since the Indian technical textile industry is import intensive, it provides a base for a very interesting market for export oriented manufacturers from Europe and elsewhere”. Owing to the rise in demand for value–added textile products in the developed nations, the technical textile industry is predicted to grow around 4 - 5 percent. According to recent research by the Indian Textiles Committee, the technical textile industry in India is expected to grow at a rate of 11% annually and reach a size of around $14 billion by 2012. The current size of this market is little less than $8 billion and the projected investments in this sector is around $1000 million. Thus, despite the current economic situation, many international companies and associations have signed up for Techtextil India as exhibitors.
National pavilions from Germany supported by The Federal Ministry
of Economics and Technology in cooperation with the Association of German Trade Fair Industry (AUMA), from Italy supported by the Italian government agency I.C.E, and fromFrance, supported by UBI France, will once more optimize the event to sell their technologies and products. Famed Turkish manufacturer Kordsa Global,is exploring the vast opportunities presented by the