Executive Director India ITME Society
Will promote 'Make in India' initiative of government
India International Textile Machinery Exhibitions Society or the 'India ITME Society' is a non-profit apex industry body, established in 1980, with the sole motto to support and serve the textile engineering industry through exhibitions and events. Seema Srivastava - Executive Director of ITME Society, speaks to Fibre2Fashion on the role the Society has played in the last 40 years, to facilitate and stimulate the growth of the textile machinery industry, dealing with the many challenges the industry faces.
This year marks the 40th year of India ITME Society. What are the 5 turning points in this long journey that revived or changed the fortunes of the textiles machinery niche?
Forty years of India ITME Society's journey has its own triumphs and challenges and the event which started with just 120 exhibitors, today has become a globally renowned event for the textile industry and all the machine manufacturers across the globe.
The Society started its activities in 1980, when there was no major machinery manufacturing in India except for a handful of companies. Today, many globally renowned machine manufacturers from Europe have their manufacturing base in India. Apart from this, those who are not manufacturing in India, has set their sales office in India proving India's journey from being insignificant to the second largest textile market in the world today.
Many activities are being undertaken by the government and various research institutions to develop new technologies and encourage self-sufficiency in this segment (machinery) for India. Society is doing its bit to facilitate and stimulate the growth of the industry in a comprehensive manner through various new activities introduced in its 40th year of successful contribution to the industry such as e-library for knowledge dissemination and sharing, technical seminars supporting the next generation to acquire updated technological development in the world. We have also set up a portal and activities to encourage women entrepreneurs in the textile engineering sector.
Going forward, the Society is undertaking many innovative activities to consolidate India's place globally.
What are the major concerns that buyers and manufacturers of machinery have when it comes to sourcing machinery? How are these addressed?
Indian buyers are looking for best technology at affordable cost which is not available in the market. We will be promoting the 'Make in India' initiative of the government through various forums and direct marketing initiatives. India ITME society would like to take up this issue to make machines tailor made for Indian customers. In this type of scenario, we will be exchanging a thought process with various machinery suppliers to produce international quality machinery in India at affordable cost. Moreover, we are encouraging existing Indian machinery suppliers to upgrade their technology to meet international standards.
Which are the top textile machinery sourcing markets for India?
The top textile machinery sourcing markets for India are China, Japan, Germany, Italy and Belgium.
Which are the top export markets for India? In which other markets is the demand growing?
Top export markets for textile machineries are Bangladesh, Germany, Netherlands, Vietnam and Turkey. In addition to this, countries such as Ethiopia some and other countries in the African continent, Cambodia, China, Pakistan, have shown significant demand for Indian machinery and accessories.
Which machine commodities have seen the highest growth in terms of their revenue earning capacity from foreign markets?
The machine commodities that have seen the highest growth in terms of their revenue earning capacity from foreign markets are spinning accessories, weaving looms, knitting machines, dobbies, jacquards, automatic stop motions, shuttle changing mechanisms parts, manufacture of finishing felt for nonwovens.
How many textile industry members are currently enrolled with you?
India ITME Society is sponsored by 1) Bureau of Indian Standards, Govt of India 2) Textile Machinery Manufacturers Association 3) Indian Textile Accessories & Machinery Mfrs Association 4) Textile Association (India) and 5) Confederations of Indian Textile Industry. The members of the above associations are Pan India and all of them are associated with India ITME Society. ITME Society do not have direct membership.
How did the Indian textile machinery industry fare in 2019? What is the goal set for 2020 beyond?
The Indian textile machinery industry has shown an increase in exports by 25 per cent and imports have increased by 1 per cent.
Globally, India still lags China in the textile machinery market by coming in the fourth position. What should the country do to match up to China?
As such China has a big market share in global market which has major contribution from its own domestic industry. In order to encash more profitable industry segments, we presume either China would reduce its share in textile and apparel industry which in turn would have reduced global market share or China would invest in other countries which has already happened in countries like Vietnam, Cambodia etc. Similarly, India has its own growing domestic market and has shown inclination to increase its share through advanced technological growth, technical collaboration with global brands, multinational market treaties and government initiatives like 'Make in India'.
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