30 Years Of Covering Mumbai
Home > Business & Investment > ITME-2016 A Game Changer For The Textile Industry

ITME-2016 A Game Changer For The Textile Industry

Monday, October 12, 2015
By A Business Reporter

The event is designed to be Bigger, Better and Bolder than before

ITME Society, a body of textile industry, is organising the 10th edition of India International Textile Machinery Exhibition 2016, the largest textile machinery and accessory exhibition in India is to be held from 3rd to 8th December 2016 at Mumbai. India ITME 2016 - the largest textile machinery and accessory exhibition in the country - will be spread over 1,50,000 sq mts and is expected to witness participation from 93 countries. Spread over 1,50,000 sq. mtrs and strength of about 1000 exhibitors from across the globe in 17 chapters spanning the textile segment from raw material to finished products, the event is the focal event for the textile and textile engineering industry in India and in the neighboring region.

"The textile machinery industry witnessed a growth of 8-10% to Rs 22,000 crore in 2014 from Rs 20,000 crore in 2013. The size of the industry is poised to double to Rs 45,000 crore by 2022 in light of new projects and emphasis on setting up textile parks," said India International Textile Machinery Exhibitions Chairman Sanjiv Lathia.

The event is supported by Heavy Industries Department, Textile Ministry, NSIC and many other domestic and international organizers, making it one of the most anticipated exhibitions in the year of 2016.

India's textile and apparel industry is expected to grow from the current USD 107 billion to USD 223 billion by 2021. And India is expected to be a leading textile producing country in the world by 2020, Lathia said.

“India has the potential to become manufacturing hub in the textile machinery, with abundance of skilled labour, low cost and natural resources available, provided sufficient focus is given on research and development in order to ensure modern and innovative technologies are developed in our country. Today the need of our country is skill development, research activity, new investments and new market development,” added  Lathia.

The 10th Edition of this event compliments the governments “Make in India” campaign and an International Press Conference and Networking Event will be organized at Milan this November to invite international visitors to ITME next year.

The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. One of the major trends in the Global Textile Machinery market is the growing number of technological innovations.

The event plans to be a complete solution provider under one roof to textile industry for technology up-gradation, product launch, as well as networking. It is one of the premium events globally with 93 countries ensuring their presence as exhibitor and visitor.

Photocaption L-R  Seema Srivastava, Executive Director, Narendra Shah-Past Chairman, Sanjiv Lathia-Chairman, G.T. Dembla-Past Chairman

No Comments Posted
City news
Against tough CM’s stance, Shiv Sena fails to ...
The paint attack on BJP's former strategist Sudhe
Strongly condemning the attack on Sudheendra Kulk
I hear many women suffering from dyspareunia. Wha
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Plans for a journey are afoot. News from distant lands concerning work will also be favorable. You have a busy but rewarding day. You will be entertaining this evening, which will be quite a success. You will have to grab whatever quality time you find to be with your beloved whenever possible.
Tarot for Love
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)What the cards say: You will have an advantage Path: Communicate without hesitation. Don’t take unfair advantage Ally: Take help from Virgo who will be objective. Avoid advice from Leo Card for the week: Tarot key no. X The Wheel of Fortune. It is spinning in your favour
- Advertising -
Are you afraid that the deo you use is going to c
There’s something about the preparation of meat t
Is your back plagued by acne? Anindra Siqueira te
Read More