According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the order index for textile machinery during the period from April to June 2017 rose by 26% compared to the same period in 2016. The value of the index stood at 117.3 points (basis: 2010=100). It is the continuation of the strong growth as shown in figure 1.
Meanwhile the Italian textile machinery body has hosted a high level delegation from Bangladesh. Companies from 51 members of ACIMIT received them, presented and demonstrated their technology and solutions to the Bangladesh delegation. It is to mention that Bangladesh is one of the largest buyers of Italian textile machinery.
The Bangladesh delegation was received and hosted by ACIMIT travelled to Milan and Vicenza in a tour from 16 to 29th July 2017. The delegation visited manufacturing plants of 22 Italian machinery companies. Among them are the companies like Santoni, Marzoli, Ferraro, Bianco, Corino, Mesdan, Santex, Savio, Stalam, Lafer, Laip etc.
The Bangladesh delegation comprised of 19 top level executives from leading textile and apparel manufacturing companies. Among the delegation were Engr. Sumayel Mallik from Anlima Group, Emdad Hossain from Palmal Group, Shams Mahmud from Shasha Denims Ltd, Engr.Sanjit Kumar Basak from Hamid Fabrics Ltd.
Meanwhile ACIMIT reported that significant increase in orders was recorded for domestic market, where the index stood at an absolute value of 92.9 points (+66% over April-June 2016). On foreign markets, the increase amounted to 22%, and the absolute value of the index stood at 123.4 points.
ACIMIT president Alessandro Zucchi expressed the satisfaction of the entire sector: “The data confirms that a recovery is currently underway for our domestic market. This is the third consecutive quarter that the order index is on the rise.”