Curtain Raiser for ITME 2022 - India’s largest textile machinery exhibition

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TECOYA TREND

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Curtain Raiser for ITME 2022 - India’s

largest textile machinery exhibition

By S. Hari Shankar, Chairman, India ITME Society

India ITME Society welcomes all to the biggest mega-

event in the textile engineering sector in Noida from 8th to 13th

December 2022. We assure you the India ITME 2022 event

would be the transformation from masks on our faces to Smiles

on our faces, from virtual backgrounds to the decked-up

conference room bringing 22 chapters to provide end-to-end

complete solutions, competitive pricing, and the latest technology

from fiber to fashion under one large umbrella of India ITME

2022.

Although the most awaited meet of textile technology

providers and textiles producers got extended by 2 years, it is

impeccable timing that has fallen in our laps with this year being

the most embellished year for India as we celebrate the 75th

Azadi ka Amrit Mahotsav. And nonetheless, society ensured to

always keep the technology industry connected to the textile

customers & value chain through virtual events with the sheer

motive of aiding our exhibitors with the opportunity of business

year around.

The virtual expo and series of interactive sessions planned

by the society in the preceding 2 years have been beneficial for

fellow exhibitors and visitors.

The Global Textile Machinery market size is forecasted to

reach $33.2 billion by 2026, growing at a CAGR of 6.3% from

2021 to 2026. India ITME 2022 event will also act as a catalyst

in India’s vision of creating 100 Indian textile machinery

champions and taking a leap of growth from its current US$ 2.5

billion textile machine industry growing at 5%.

The event in line with the government vision will act as

icing on the cake by providing a platform for the beginning of

collaborations formation of new mergers and tie-ups in the textile

engineering sectors through the provision of business pavilions

and common ground.

India is known as the land of textiles, Textiles are in the

DNA of India, and the business in textiles is a natural

phenomenon for Indian entrepreneurs. India has been at the no.

2 position in the globe for a very long time. As the viral trend

goes, India is all capable to be the next ‘+’ opportunity for the

global markets.

Indian Textiles and garments industry is expected to reach

$190 bn by 2025-26 from $103.4 bn in 2020-21. The size of

India’s textile market stood at US$ 223 billion in 2021, growing

at a CAGR of 10.23% over 2016.

India’s exports of textiles and apparel are expected to grow

to $65 bn by 2025-26, growing at a CAGR of 11%. There is an

abundance of opportunities in India for textiles & textile

engineering sector.

The sector’s growth is further escalated by the government

mission of US $ 100 Billion textiles exports in the next 5 years.

With the introduction of various policies and interventions like

PLI the business houses are fueled to upscale their investments

and expand across the value chain. India is also the 6th largest

producer of Technical Textiles with a 6% Global Share.

The technical textiles growth in India has been escalating

in the last few years with a 15-20% growth rate. The self-need

for technical textiles in India being a developing country

demanding industrial textiles, packing textiles, performance

textiles in infrastructure improvisation, rising sports awareness,

evolved health care, construction & home furnishing along with

geo-textiles has boosted the growth further. This escalated

manufacturing need has led to the demand for bringing on board

state-of-the-art textile modern machinery and accessories. The

timing of India ITME 2022 is the most perfect gateway for the

technology providers to meet the hungry for growth investors in

India.

India ITME Society which started as a mere channel for

bringing textile engineering and technology trade shows to India

has today grown to be the one-stop solution for all textile

engineering and technology industries. India ITME Society today

plays a pivotal role in strengthening the domestic as well as

international Textile Industry by facilitating the exchange of

knowledge and technology transfer and encouraging Foreign

Direct Investments & Joint Ventures, etc.

The journey of society is one of inspiration beginning from

enhancing the exhibitor's count to increasing the footfall of

visitor’s edition after edition, the society has ensured to be the

trade show of substance. It has not only ensured to bring in

Continued on Page 3

India ITME & EEPC sign MoU for

hosting Reverse Buyer Seller Meet

during India ITME Exhibition

Ms. Seema Srivastava, Executive Director, India ITME

Society and Mr. Adhip Mitra, Additional Executive Director

and Secretary, EEPC signing RBSM Agreement in New Delhi