India priority market for Chinese textile machinery makers
Source: Fibre2fashion Date: 2014-02-25
“India is top priority market for Chinese textile machinery sector, revealed an official from the China Textile Machinery Association (CTMA) on the sidelines of a road show to promote ITMA Asia + CITME 2014.
Organizers of the textile machinery show - ITMA Asia + CITME 2014 to be held in Shanghai from June 16-20, 2014, hosted a road show in Ahmedabad to promote the event. It was attended by around 60 delegates who represented the textile value chain in Ahmedabad.
Providing more details, Mr Cong Zheng told fibre2fashion, “China is the biggest market in the global textile machinery industry and China textile machinery sector achieved revenue of $18.1 billion from principal business in 2012 and also grew at an estimated growth rate of over 5% in 2013.”
When asked about the various countries in which they are conducting road shows, Mr Zheng revealed, “Series of activities have been planned in India, Pakistan, Vietnam, Turkey and Indonesia, however India is our top most priority”.
When asked if Chinese textile machinery manufacturers were firming up any joint ventures in India, Mr Sooraj Dhawan – Director of Falcon Exhibitions – the Indian representative for ITMA Asia + CITME 2014 said, “In December 2012, a Chinese delegation was in India and during mill visits, they were very much impressed with the technology used by Indian mills. There are clear possibilities in the future”.
Providing information about ITMA Asia + CITME 2014, Mr Zheng informed, “ITMA Asia + CITME 2014 is a huge showcase of cutting-edge solutions for textile makers. We are expecting around 100,000 visitors from around the world. Over 1,500 exhibitors will take part in an exhibition space spread over 150,000 sqm. To top it all, it has a stringent control in force to protect intellectual property”.
Mr Dhawan added, “ITMA Asia + CITME 2014 is the largest display of textile machinery in Asia and India ranks very high as far as modernization of machinery and new investments are concerned, so it can prove to be a one-stop destination for those Indians planning to invest in new technology”.
