India ITME evolves into platform for new technologies
December 29, 2008 - India
INDIA ITME 2008 was organised by the ITME Society in Bangalore from 15-22 November 2008. The Inaugural function was held at the Conference Room of BIEC at 11.00 a.m. on Saturday, 15th November 2008.
Shri Sanjay Jayavarthanavelu, Chairman, India ITME Society welcomed Hon’ble Shri Shankersinh Vaghela, Union Minister of Textiles, Shri S.M. Krishna, MP, Chief Guest and Hon’ble Shri Shekhar Gulihatti, Minister for Textiles & Youth Services, Guest of Honour.
He was glad to have for the inaugural event three accomplished individuals whose works have transcended barriers and enabled the cause of the common good. In this context he referred to the telling inscription at the Vidhana Soudha which says “Government’s work is God’s Work” which laid down the moral responsibility for any governance.
In his address he mentioned that India ITME Society organised a global exhibition of textile machinery every 4 years since 1980. Over the decades INDIA ITME event had evolved from being a mere exhibition space for sellers and buyers to meet to a cutting edge platform where future technologies are demonstrated well before commercialisation.
All major textile machinery manufacturers of the world participated in the India ITME Exhibition. The exhibitors both foreign and Indian had exhibited their products in 28,500 sq. mtrs. The BIEC was not only spacious but also fully supported by utilities and other auxiliary services like business lounges, conference centres and food courts.
Referring to the economic down turn he mentioned that every coin had another side and so does this recession. World-wide population increase and the demand for textile products may remain steady although the purchasing power may go down.
This essentially means that a lot of textile manufacturers are going to plan for products that have quality but hit the markets at affordable prices. The challenge for the textile machinery industry then would be to build equipments and machinery that meets this strict criterion.
India ITME would become the apt forum where answers for various challenges faced would be found out. The spinning sector was going to display futuristic developments in Ring Frame, Compact Spinning, Open End Rotors, while the Weaving Sector would be demonstrating shuttleless, high speed, water jet and air jet looms.
The Finishing Sector would showcase advancements that give excellent value addition, while the various Testing Equipments, R&D products, developments in knitting, pre-spinning and pre-weaving on display aim at modernisation and cost cutting.
The exhibition was inaugurated by Hon’ble Shri Shankersinh Vaghela, Union Minister of Textiles. He appreciated the efforts of the India ITME Society in organising the exhibition at a time when the economic conditions were adverse. He advised that the Indian textile industry should not get bogged down by the prevailing textile recession.
The industry has witnessed good days and they will come once again. The present recessionary trend is a cyclic phenomenon and will pass by. Addressing the exhibitors and visitors of India ITME expo Shri Vaghela observed that unlike the West, India was agricultural, rural-based and decentralised economy and had the wherewithal to beat the recessionary blues.
The domestic market is one of the biggest markets, which will enable the textile and clothing industry to levitate out of the current downtrend.
The Indian population which was always considered as a drawback has now proved to be an asset. This huge population is one of the biggest consumer market and textile and clothing industry should develop new strategies to create demand and increase sales.
While emphasizing that effort should be made to concentrate on domestic market, Textile Minister said that international markets should not be ignored. The exporting community should endeavour to explore and develop new markets.
The established markets like US and EU are reeling under demand crunch and it would be prudent on part of the exporters to look for new markets to maintain the export tempo.
Dwelling upon the textile machinery scenario, Shri Vaghela lauded the role of India ITME Society to hold a mammoth expo for the user industry.
There may be a investment slowdown, but order will come, he opined and advised the exhibitors to cater to such order despite less advances in order to keep the momentum of the textile machinery business.
The Textile Minister, Shri Vaghela said, government will offer full support to the textile machinery and textile industry. His Ministry was working to ensure TUF funds are released at the earliest. Efforts are also underway to encourage investments in the integrated textile parks, he stressed.
Earlier, Shri S.M. Krishna, Member of Parliament and Former Chief Minister of Karnataka, observed that Indian textile and clothing industry was insulated from the global down trend on account of the huge domestic market.
The domestic textile industry had posted a good performance on domestic and international turf and should endeavour to achieve new milestones. The raw material and human resources advantage should be capitalised on to pass through these challenging times, he said.
Mr. Shekhar Gulihatti, Minister for Textiles & Youth Services, Government of Karnataka referred to the new textile policy of Karnataka State Government for the period 2008-13 aimed to attract investments to the tune of Rs.10,000 crores and generate employment for 5 lakhs people.
The State Government had earmarked Rs.500 crores to achieve the Textile Policy targets and the expo had been well-timed for the Karnataka textile and clothing industry to check out the latest state-of-the-art machines to build up new capacities.
In addition to the support available under the TUF Scheme, textile policy proposes to provide capital subsidy for upgrading the technology, quality testing equipments etc. as an additional incentive to the industry to modernise their production facility.
Shri Rajnikant Bachkaniwala, Hon. Treasurer proposed a Vote of Thanks.
The function went of well and Shri Shankersinh Vaghela, Union Minister and Shri Shekhar Gulihatti, Karnataka Minister visited some of the stalls in Hall Nos. 4, 3, 2 and 1.
INDIA ITME 2008 had 744 exhibitors composed of 457 Indian and 287 foreign participants from 24 countries. In addition there were 13 industry associations (including sponsor organisations), R&D units and about 21 press booths. Thus the total participation was about 778.
The total number of business visitors has been assessed at about 30,000. As compared to 2004 the business visitors had considerably shrunk due to the economic melt down and other factors.
The exhibition facilities and utilities were of world standard and the food courts were well received.
The India ITME Society had organised a Press Meet a few days earlier and had also given wide publicity to the exhibition through advertisements in “Tecoya Trend” and the textile magazines continuously for a period of 1½ years. Hoardings, bus backs and other publicity was also organised intensively.
The India ITME Society had organised a Welcome Reception on 15th November and Valedictory Dinner on 21st November. The Department of Fibres and Textile Processing Technology Institute of Chemical Technology (Autonomous), University of Mumbai had organised a Tex Summit 2008 during the exhibition.
This consisted of international seminars on spinning, weaving and processing and technical textiles. Some of the exhibitors had also organised seminars to highlight the products they had exhibited.