The mega business event for textile and textile engineering sector, the 2nd global textile technology and engineering show GTTES 2019 will be held from February 1 to 3, 2019 in Mumbai. The GTTES is a growth catalyst and optimum business platform with numerous business leads, new customers offering best sourcing solution to India’s surging demand for textile machinery.
India is one of the world’s largest producers of textiles and thus one of the biggest market for textile machinery as well. The size of Indian textile and apparel industry is expected to reach $223 billion by 2021. This is a clear indication of the size of the market opportunity awaiting exhibitors at GTTES 2019. India and its neighbouring countries are main contributors to the increased demand of textile machinery and this expo is an opportunity to translate this demand to supply.
India is one of the few countries in world which has production at every level of textile manufacturing viz. fibre manufacturing, spinning, weaving, knitting, processing and garmenting. The most significant change in Indian textiles industry has been the advent of manmade fibres (MMF). Except spinning, majority of the textile and apparel machinery demand of India is being catered by imports. Weaving sector needs an additional around 82,000 looms. The capacity of knitting segment would need to be scaled up with an addition of 24,000 knitting machines by 2020.
Processing capacity will also need to increase its present capacity, with additional 30,500 million. Additional sewing machines would be required in garment sector by 2020 to cater to the high export and domestic demand for apparel in India. The size of the textile machinery demand and the market opportunity is $75 billion. GTTES 2019 offers sourcing solution to this market in India by focusing on weaving, knitting, printing, garmenting, embroidery and technical textiles.