Techtextil India, must-attend business event

The third edition of Techtextil India - International Trade Fair for Technical Textiles and Nonwovens will be held from October 10 – 12, 2011, at the Bombay Exhibition Centre, Mumbai, and all indications are that the event will supersede the highly successful editions in the past.
The first edition of Techtextil India in 2007 set astonishing records for business and it provided the first ever international platform for the technical textile industry in India. The second edition in 2009 showcased 110 exhibitors and a grand total of 6339 visitors from 79 countries, proving that this event is the single most important textile event on the subcontinent. With strong indications of economic revival in the textile industry, the third edition of Techtextil India will once again provide an excellent trading platform for both the Indian manufacturers and international visitors.
Technical textiles are the emerging area for investment in India. The Technical textiles industry in India is a value added industry which has numerous end use applications in the areas of economic activity such as construction, sports, defence, medical, aerospace and agriculture. This industry has immense potential in the developing countries.
According to analysts, the real engine of world growth in the end-use consumption of technical textiles lies in Asia and the fastest growth prospects appear to lie in markets like China, Japan, Korea, Taiwan and other developing countries. India in particular has a great potential to make an impact in this industry and can emerge as a key player in the technical textiles industry, considering its highly skilled and scientific/technical manpower and abundant availability of raw materials.
Since the Indian technical textile industry is import intensive, it provides a base for a very interesting market for export oriented manufacturers from Europe and elsewhere. The current size of the technical textiles market in India is estimated around US $9.4 billion and it is expected to grow at a rate of 11% annually. The Textile Ministry expects the technical textile industry in India to reach a size of around $16 billion by 2012-13. India is the second largest textile economy in the world after China.
To give a boost to the Indian technical textile industry, the Government of India has taken up various initiatives for augmenting growth in this sector, making it more attractive for the global markets. In January 2011, the Ministry of Textiles launched its five year technological mission on technical textiles (TMTT) and will invest US $40 million for this mission.
Techtextil India will offer international manufacturers an ideal business platform to showcase their products, all the while providing an opportunity for joint ventures. “The 3rd edition of Techtextil India will take place at the right moment: the international economy and technical textiles industries are recovering respectively, even growing their business again. India was and is getting more and more in focus regarding the potential for technical textiles.

That is confirmed by the intention of countries such as Belgium, Canada, France, Germany, Italy, Portugal and the USA to organize national presentations. So all of us are very optimistic! We are very pleased to again have the official support of the Ministry of Textiles, Government of India and the Indian Technical Textiles Association (ITTA),” says Michael Jaenecke, Brand Manager Technical Textiles / Techtextil at Messe Frankfurt Exhibition GmbH.
Techtextil India Symposium
No fair is complete without a fringe programme. Within the framework of Techtextil India, the Techtextil India Symposium will be held featuring leading speakers presenting topics of interest and innovations on technical textiles to the industry. This year the Symposium would be strategically planned and devised with the help and support of leading international and national experts. The highlights of the symposium will cover the 12 different applications of Technical Textiles, Nonwovens and Technical applications.
Techtextil India will see new impulses for the technical textile industry. High levels of quality and creativity, as the hallmark of this fair, both exhibitors and visitors can expect an event that continues to offer innovative and high quality products at competitive prices. Techtextil India not only provides international buyers with business opportunities to source, but also provides them with a valuable selling platform to tap the valuable domestic consumer market. In addition to international contacts and orders, Indian manufacturers are increasingly starting to address the strong domestic market at the show.
Techtextil India 2011 will offer a broad range of products including fibres, yarns, woven fabrics, laid webs, braidings, knitted fabrics, non wovens to coated textiles, composites, bondtec, machinery and accessories. Techtextil India will be the trend setter for the large and affluent Indian consumer market looking for new and high quality in technical textiles and nonwovens.

(Source: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=96666&page=2)