Shaju Mangalam, the Joint Secretary of Confederation of Indian Textile Industry (CITI), on his recent visit to Ludhiana announced that an exhibition concerning the textile machinery, TEXMAC-2007, is organised at Pragati Maidan, Delhi, from January 17 to 20, 2007.
CITI is also organising the Second Asian Textile Conference along with TEXMAC exhibition where over 2,000 exhibitors from Germany, Italy, China, Taiwan and the US will participate.
The TEXMAC will focus on spinning, weaving and dyeing-related industry. The organisers of the exhibition are anticipating to do a business of $600 million.
The Indian textile industry has seen expansion worth Rs15,000 crore as the Multi-Fibre Agreement (MFA) expired on first January 2005 as it imposed quotas of export on the developing countries.
According to CRISIL, India's leading Rating, Research, Risk and Policy Advisory Company, the Indian textile industry has a huge potential to grow and expand.
As the Technological Upgradation Fund Scheme (TUFS) is going to expire in March 2007, the industry demands to extend it for another five years with a corpus of Rs30,000 crore.
The Indian textile industry has witnessed a growth of 23 percent and expected to continue with the same trend even this year.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
