ColorJet India, one of India’s largest manufacturers of digital textile printing technology, plans to expand its operations in China to derive volume growth in the world's largest textile market.
As per an IDC suggested report, ColorJet, with more than 33 per cent market share in the super-wide format digital ink printers in India, commands absolute leadership in the world’s third-largest textile exporting and fifth-largest garment exporting country in the world.
The Chinese textile market, currently estimated at US$ 230 billion, is expected to reach US$ 400 billion by 2022. ColorJet targets to capture 5-7 per cent of the pie, looking at the vast potential market of super wide format digital ink printers. ““Order volumes this year have been exceptionally strong, so we look forward to continuing the momentum by having live systems running at ShanghaiTex. China is the biggest market and we look forward to make our presence felt in China,” said Jitender Pal, Singh, Vice President-Textile of the brand. “We aim to capture 5-7 per cent of the digital inkjet printer market in China in the coming years. With our existing product lineup, we provide more sustainable and efficient solutions that deliver maximum productivity as compared to its nearest competitor,” he added.