Indian textile market booming

The second TEXMAC INDIA will be held in Mumbai, India from March 16 to March 19, 2011.

TEXMAC INDIA is a professional exhibition of the world-class international textile machinery industry in India. The first exhibition was held in 2007, which established its position as an international exchange platform in the Indian textile industry. It is also the only international textile machinery exhibition held in India in the past four years. In the last exhibition, more than 60 Chinese textile machinery companies exhibited in the form of national pavilions and achieved good results.

According to one of the organizers of the exhibition, Munich, Germany, overseas exhibition company introduced a number of textile industry exhibitions in India each year, but currently there is no professional textile machinery exhibition. In sharp contrast to this, "TEXMAX INDIA" is a professional exhibition with a very clear industry theme. The exhibition is expected to have an exhibition area of ​​more than 10,000 square meters, and 300 exhibitors from China, Germany, Italy, Japan, Spain, South Korea, Switzerland, the United States and other important production areas of the world textile and textile machinery, including textile, spinning, spinning Manufacturers and suppliers of knitting, knitting and dyeing machinery, wholesalers of garment machinery, importers, distributors, textile machinery trade, trade and craft distributors. The main exhibits include washing, bleaching, dyeing, printing and textile machinery, spinning machinery and accessories, weaving machinery and accessories, knitting machinery and accessories, non-woven textile machinery and accessories, etc., covering almost the entire textile industry. Professional audience is expected to reach 12,000 people.

The exhibition also received support from the CITI and 27 member companies. They will hold the ATEXCON conference in the same period and will invite famous experts from the international textile machinery industry to give speeches.

India is currently the most attractive developing market in Asia and even in the world. This dominant position will continue to be maintained in the future. The textile industry occupies an important position in the Indian economy. The textile industry accounts for about 4% of India's total industrial output, 14% of industrial output, and 12% of export revenue. It is the second largest industry in India. In 2010, India had 1,860 textile mills. By 2015, the Indian textile market is expected to double to 79.4 billion euros, and textile exports are expected to double to 34.1 billion euros. Before 2015, India’s investment demand for textile machinery reached 30.3 billion euros.

The rapid expansion and modernization of textile production equipment has increased demand for high-end textile machinery in India. The Indian government provided investment subsidies for the procurement of new textile machinery, and the Technology Industry Upgrade Fund Project (TUFS) was extended to 2012. Under various favorable conditions, Indian textile companies generally plan to invest in new technology applications and update modern textile machinery in order to increase production capacity. At present, following the country's largest textile equipment and accessories market.

It is understood that China's spinning machinery, textile machinery, knitting machinery, etc. occupy an important position in the textile machinery imported from India and have great market potential in India.