00 ItMa 2011 (exclusive Feature) - Textile Magazine

industry news
Mr. SAnjIV S. lAThIA, hon. Treasurer, India-ITME Society
European textile machinery manufacturers
from Switzerland, Germany,
Belgium, Italy and Spain India
remains the most important market
with exports worth millions of dollars.
India has the potential to become
a manufacturing hub in textile machinery,
with abundance of skilled
labour, low cost and natural resources
available. Government initiatives
like the Technology Upgradation
Fund Scheme (TUFS), Scheme for
Integrated Textile Park (SITP) and
the Integrated Skill Development
Scheme for the industry would surely
push the growth of the industry.
India’s textile & apparel industry is
also expected to grow from the current
$70 billion to $220 billion by
2020.
Mr. R.S. Bachkaniwala, Chairman,
India-ITME Society, said:
“With such need and opportunitybased
demand, it is only imperative
that textile machinery manufactures
22 | ThE TEXTILE MAGAZINE OCTOBER 2011
all across the globe eye the Indian
market. India ITME 2012 is now a
‘must participate, must visit’ for the
textile engineering industry across
the globe”.
He also announced the expanded
activity of the ITME Society and
said that as a responsible organization
dedicated towards growth and
prosperity of the industry and economy,
the Society is constructing an
industrial exhibition-cum-convention
& research centre in Ahmedabad.
With all facilities for industrial
exhibitions and programs for skill
development it will target creating
employment for youth. On completion,
the exhibition centre will
become one of the largest in India
with over 1,00,000 sq. mtr. exhibition
area.
India ITME 2012 is an effort to
usher in the much-needed revolution,
growth and global attention
to the market. It is expected to be
a spectacular event showcasing hi-
tech textile machinery, innovative
technologies and services for the
textile industry and is specially designed
to be the “gateway event” to
the huge market opportunities in India
as well as in the nearby countries
like Sri Lanka, Bangladesh, Pakistan
Vietnam, Indonesia, etc.
The bookings for this prestigious
exhibition are on and will close with
100 per cent space sold within the
next few days. The focus is to provide
a complete platform and making
it a win-win situation for every
person associated with, and interested
in the ITME event in terms of
acquiring new clients, new markets,
new technology, cost competitiveness
and sourcing opportunities,
including academic and research
programs. Apart from business,
new products and innovative ideas
for world class textile products and
services will be presented through
seminars during the event.
Mr. Andreas Weber, World President,
the Textile Institute, UK, said
that there is a strong chance of Indian
multinationals opening subsidiaries
in Europe and the US for textile machinery
and accessories. The Textile
Institute can, through collaboration,
assist all textile sectors and work together
for the overall improvement
of the textile industry globally.
By expanding the exhibition services,
the Society will now organize
exhibition every two years instead
of four years. India ITME 2014 will
be held in November/December
2014 with focus on technical textiles,
garments, knitting and chemical
dyestuff, innovative textile technology,
etc.
w