Global Textile Technology and Engineering Show 2019 (GTTES) has begun today aiming to spend a successful business year with 400+ exhibitors from 48+ countries in its 2nd edition in Mumbai. The one and only trade event in India is dedicated to magnify business and trade for textile machinery manufacturers, through interaction with agents and dealers from India and across the globe.
GTTES has achieved a 26% growth rate attracting about 168 companies as the first time participants. This is a remarkable response to the 2nd edition GTTES, indicating that this event has achieved its place as a reliable international business platform for both domestic and overseas companies.
First time participation from Sri Lanka & Slovenia and countries like Belgium, China, France, Germany, Italy, Japan, Spain, Turkey, UK, USA, Taiwan, Algeria, Djibouti, Kuwait, Azerbaijan, Kyrgyzstan, Senegal, etc., is a testimony to global reach of GTTES as a trusted opportunity for business & gateway to India.
Apart from this, GTTES 2019 is facilitating interaction with all Export Promotion Councils which again shall help the textile industry to know more about export opportunities, various Government subsidies, market initiative.
The number of countries sends the business delegates to attend the event is also increased. Apart from the regular business delegates from Bangladesh, Egypt, Sudan, Ghana, Nepal, Tanzania, Uganda, Rwanda, Egypt, Brazil, Morocco etc., there are first-time delegates from Chile, Abu Dhabi, and Palestine. A ministerial delegation from Ethiopia is available for one to one discussion for Investment and Incentives offered by the Ethiopian govt.
Seema Srivastava, ED of ITME Society, said to Textile Today, “As India is a large country, still it has more opportunities to go in the same growth like other countries. This sort of exhibition should be taken place frequently so that people can come around and have knowledge.”
As a trendsetting exhibition organizer, India ITME Society takes care to address trending topics as well as the topics which need attention.
ITME Society also proudly announced the Launch of an International Event – ITME AFRICA 2020. Set to initiate a revolution in generating employment, encouraging skill development, motivating entrepreneurship in Textiles, ushering investment, economic growth and thus bringing new aspirations for younger generation of African countries.
1st edition ITME Africa is to be held in Millennium Hall, Addis Ababa, Ethiopia from 14th to 16th February 2020. In a first of its kind, joint venture, India ITME Society and Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) a premier organization in Ethiopia, along with International Trade Center brings this unique and exclusive business facilitator opening up an entire continent of new opportunities. This event was exclusively covered by CNBC.
“From this exhibition, Africa and India will be benefitted equally. Because Africa is ahead in technology and India can give them more raw materials. The African nation offers much cheaper labor and power, India can invest there,” Seema Srivastava added.
Conference sessions by Indian Technical Textiles Association Society on ‘International Conference on Nonwoven Technical Textiles’ and by Society of Dyers & Colourists International India Pvt. Ltd on ‘Educating the Technology Innovations in Textile Colouration’ on 19th & 20th January 2019 respectively at GTTES 2019, shall empower the industry on these subjects.
Apart from the above two conferences, there were industry interactive session today to facilitate govt/industry interaction. Surina Rajan, IAS, Director General, Bureau of Indian Standards (BIS) is available for open interaction with the industry members.
In value terms, textile and apparel manufacturers of India would need to invest US$ 50 billion in new machinery to cater to the additional market demand and $ 25 billion will be required for replacing the existing machinery. A total of US$ 75 billion in investments in machinery is estimated to be required by 2020.
Yarn manufacturing, weaving, and processing machinery will attract 58% of the overall investments.
GTTES 2019 aims to promote integrated services through exhibitions for setting a benchmark in Textile Machinery Industry through continuous improvement.