Global Textile Technology & Engineering Show 2015– Focus Asia, an exclusive show for highlighting strengths of Asian Textile Engineering Industry is being organized by India ITME Society, a 34 year old veteran organization in Textile Machinery Exhibitions.
This special business event is being held from 20th -22nd Jan 2015 at Bombay Exhibition Centre. The objective of this special series event is not only to showcase technology/machinery but also to address the needs of quality, variety, allied services, access to regional markets and clientele, especially for small medium enterprises.
Why “Focus Asia” exhibition held in Mumbai, India?
Asia is today the center of the global textile industry, the world’s largest textile machinery market. Keeping in view the massive Intra- Asia trade with a growth of 8% CAGR and at US$180 Billion, ITME Society has launched a “Focus Asia” edition of exhibition to be held alternatively with ITME Series. The Asian market demand for textile machinery and demand for high performance, demand for high-quality, high degree of automation and energy-saving equipment is growing. Now the region is on the verge of entering a new phase with Intra-Asia trade predicted to double to explosive US$350 BY 2025, making it most attractive market block for exporting nations. Global apparel market is expected to cross US$2 Trillion mark. 70 % of world fiber processing takes place in Asia. China, India and Pakistan account for 60% of world fiber consumption. Bangladesh and Vietnam are also emerging as competing textile economies. The scope and opportunity in Indian market is unfathomable with only a small portion of the potential tapped till now. World-renowned manufacturers of textile machinery such as Germany Truetzschler, Suessen, Switzerland Rieter, Italy Savio, Japan Toyota, etc., has strong presence in India, indicating a strong buyers market and long term opportunity. Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry in India. Combined size of Chinese & Indian Apparel market will become bigger than USA and EU. In India there is large scope for technical textile linked with growing industrialization, large infrastructure projects in stream. Government Technology Upgradation Fund Scheme with an investment target of Rs.151,000 crore is big boost to machinery sector. Greater Investment and FDI opportunities are available. India’s competitiveness has significantly improved in the last 10 years resulting in higher market share. India’s factor cost, particularly power and wages, have become relatively competitive in comparison with China. Manufacturing costs in spinning, weaving and processing have also become competitive.
Stitching a new catalyst for Indian market opportunities
Thus demand and need of the time, gave birth to Global Textile Technology & Engineering Show 2015- Focus Asia, an exclusive and unique event to match the need to supply. Already participation from China, Taiwan, Japan, Korea and Indonesia are confirmed in large scale. A special pavilion for spare parts, accessories and components catering to Textile machinery is organized to give focused customer experience to manufacturers to push exports. Another unique and never before opportunity is being created for agents and dealers at GTTES 2015- Focus Asia to meet and expand their clientele, especially for weaving, technical textile segment etc. which has a huge opportunity in India.
