As one of the distinguished textile organisations of the world, INDIA TIME was organised in India on the 2-7th of December. In the fair which was closely followed by our 2 editors, the intense business traffic drew attention. Textile World Magazine that we distributed during the fair also saw a great interest. Firms that we interviewed during the fair expressed that they established effective business connections in the event. There were participants from 51 countries, 10 of which had sent their first representatives, to the event which was held in Bombay Congress and Exhibition Center for the 9th times. The event held in an area of 100,000 square meters was visited by 100.000 guests. This fair is organised by INDIDA ITME Society which is a non-profit organisation supporting the development of textile sector in the country.
Being the most important textile manufacturing country in Asia together with China, India had a succesful fair organisation in INDIA ITME with the participation of more than 820 fairs. General Director of ITMF Zurich, Dr.Christian Schindler, Chairman of SWISSTEX Andreas Weber, Prof.Dr.Roshan Shishoo from English Manchester Textile Institute and the Swiss authorities were pleased with the interest shown in the seminars.
In India which has many textile centers, textile manufacturers from Gujarat who attended the event keenly focused on the new products of machine and technology manufacturers. Constituting the 30 % of overall textile export of India on its own, Gujarat stands out with its constantly improving structure. Stating that there is a dynamism in India in terms of machine production in addition to textile manufacturing, the authorities explained that machine export volume reached to 50 million dollars although it was zero only a few years ago.
The technologies which stood out in the fair included RX1240 ring spinning machine of Kirloskat Toyota, Lakshmi LC636 carding machine and the new technology designed by Karl Mayer specially for the Indian market. In the fair, besides, it was declared that an agreement was signed between Oerlikon and Chinese Jinsheng Group on the sale of Natural Fiber and Textile Components Business Unit. It is expected that the agreement which has a transaction volume of 650 million swiss francs will enter into force at the 3rd quarter of 2013.
India Grows with Technical Textiles in the Long Run
With the contribution of global activities, Indian technology continues gaining speed. Such fairs which provide a driving force for the Indian textile sector contributes positively to the commercial transactions of firms. On the other hand, it is expressed that India will not be indifferent to this growth and will make an infrastructure investment of 1 trillion dollars in the coming 5 years. The country is envisaged to grow in the field of technical textiles such as geotextiles, agricultural textiles, industrial textiles and protective textiles. Making a presentation on this issue at the 3rd day of the fair, Consulting Director of Shishoo Prof.Dr.Roshan Shishoo stated that: “Middle class of India constantly grows. By 2025, 41 % of the total population which corresponds to 583 million people will be included in this class. Thus, India will be the 5th biggest Consumer market of the world.”.
Indian textile market stands out as one of the few industries meeting its own needs in the world. In the global market where many countries face raw material problems, India can manufacture at a sufficient amount to meet its needs despite its high pupulation density. The country has recently achieved an increasing purchase power and export share. It is expected that India will grow by 11 % in the textile and ready-wear sector, by 9 % in the home textiles market and by 11 % in the technical textiles market.
In the sales made to India which is one of the biggest machine exporters of the world, market shares of Germany, Switzerland, Japan, Italy, Korea, England and the USA are 15 %, 20 %, 20 %, 6 %, 6 %, 6 % and 3 %, respectively. Recently, the machines demanded by the Indian market have included yarn machines, textile finishing machines, embroidery and apparel machines. Furthermore, Trützschler, Zinser and Rieter which are leading textile machine manufacturers establish business ties in the region and grow their businesses.
India Speeds Up its Machine Export
Competing with China in textile production, India has recorded a significant improvement in the machine production. Increasing its machine export volume by 16.67 % in 2012, the country is prepared to close the financial year with 1.400 crore (ten million) rupi.In the International Textile Machines Fair INDIA TIME which was held at the beginning of December, yarn machines and components became the segment which drew the densest interest. India recorded a machine export volume of 1.200 croro rupi last year.
Despite the slowdown experienced in the general economy of India in last three year, the demand towards local textile machines is stil continuing. The experts stated that textile machines export volume reached to 166.67 % between 2010 and 2012. In the same period, the the profit amount increased to 1.200 croro rupi from 450 croro rupi. This event is the most important textile event of India. The authorities argue that the Indian textile machines export volume would not be affected by the slowdown in the international textile machines market.
Chairman of INDIA ITME Rajnikant Bachkaniwala reported that Indian textile sector is considerably optimistic owing to the demands to come in the forthcoming months. Stating that textile firms continue seeking and purchasing machines for investment as a part of growth, Backhaniwala expressed that most of the developing countries import textile machines from India at a considerable amount. Backhaniwala added that: “India records a monthly machine export volume of 50 million dollars. This figure is a huge development when compared to its value a few years ago.”.
Having displayed a rapid growth in the sector of apparel in recent years, Bangladesh has become the most important import market of India. It is followed by Vietnam, Iran, Pakistan, China and Eygpt. Exporting of yarn spinning machines and spinning parts constitutes the most important part. Yarn processing units, textile accessories and weaving machines are the most important export items of India in this field.
On the other hand, as it is envisaged that the demand towards textile machines in the domestic market of the country will increase in the coming period, it is expected that the present Technology Upgradation Fund Scheme – TUFS ) will be prolonged for one more year within the framework of the 12th Five-Year Plan. ITME prescribes that new machine investments of textile firms will increase in the next quarter. It is also expressed that domestic industry of India will also head towards new machine investments together with the current demand increase.
