Jointly organised by K and D ITMACH Expositions LLP and Spinners Association (Gujarat), the fair will cover 40,000 square meters of exhibition space. It will host entire ranges of textile machinery and technology including spinning, weaving, knitting, dyeing, printing, processing, digital printing, nonwoven and technical textiles, garmenting, quality control, utility machinery and so on.
Several well-known machinery companies have already confirmed their participation in ITMACH India, according to the organisers.
As for the ITSE fair, it would cover the entire textile value chain with the aim to promote sourcing of made in India textiles and apparels.
Indian textile industry’s growing need of textile machinery and technology backed by continued investment and modernisation of production capacities is expected to grow in the next three years. The prime drivers of the upbeat investment mood are government’s enhanced allocation of funds towards technology up-gradation subsidy schemes, infrastructure building approach, export incentives and more importantly the fastest growing economy of the country.
Lucrative state government textile policies are also wooing investors to create employment and additional revenue sources. The state of Gujarat is leading the investment in textile sector for past few years. With investment worth $1.2 billion announced by a couple of large textile players at the recently concluded Vibrant Gujarat Business Summit, the total investment plans in textile sector could easily exceed $10 billion. (KD)
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