Anticipating a boost in the manufacturing sector, signing of the FTAs, the recent growth in the textile exports, bundled with the Indian government’s focus on making India a ‘global manufacturing hub’ has set up encouraging prospects for the stakeholders of the Indian textile value chain. This optimistic industry outlook is also evident in the spirit of the textile technology and apparel manufacturing players participating in the upcoming Gartex Texprocess India which is scheduled from 1 – 3 August 2024 at Yashobhoomi (IICC), Dwarka, New Delhi.
Regardless of the global economic and political landscape, the recent surge reported in textile exports and apparel at 9.59% and 9.70% respectively, in May 2024 as cited by the Confederation of Indian Textile Industry (CITI), marks a positive sign uplifting the spirits of the Indian textile players. As per IBEF, the market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach USD 350 billion by 2030 with the exports expected to reach USD 100 billion. The Indian textile sector is further expected to be strengthened by the innovations from the manufacturers of fabrics, garments and apparel, textile machinery companies, allied industries and future plans and policies from the India government.
As India’s leading expo covering garment and textile manufacturing, denim, accessories, textile printing technologies and more, Gartex Texprocess India is slated to showcase 600+ brands, spread over an area of 15,000 sqm at Yashobhoomi (IICC), Dwarka, New Delhi. Besides India, the upcoming edition will demonstrate the global excellence in textile solutions from countries like China, Italy, Japan, Singapore, Taiwan and the USA.
The show floor is sold out with leading Indian brands like AT Inks, Aura Technologies, BABA Textile Machinery, Benz Embroidery, Britomatics India, Chetna Fashions, DCC Print Vision, Jaysynth Dyestuff India andTrue Colors amongst others. The international brands like Baoyou, Brother, Datatex, Dupont, Jack, Kansai, SinSim, Siruba, Yumei and more will also add a global touch to the show.
As India shines in its glory of being the world’s 3rd largest producer of textiles raw materials like cotton, jute, silk and wool, it also embodies the strength of manpower, infrastructure, low production costs and innovations needed to push the contours of the Indian textile landscape. In an attempt to gather the view of the participating companies on the government schemes and initiatives – many of them shared that schemes and initiatives likePLI, ATUFs, RoDTEP&RoSCTL, NTTP, NHDP, PM MITRA Parks, Handloom Weavers' Comprehensive Welfare Scheme, Integrated Skill Development Scheme (ISDS), schemes for MSMEs and amongst others, have served to be beneficial for not only growing their businesses but also the expand the technical skill sets resulting in a healthy business atmosphere.
Organised by Messe Frankfurt Trade Fair IndiaPvt Ltd and MEX ExhibitionsPvt Ltd, Gartex Texprocess India is a leading exhibition in the textile industry.