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Saturday, 07 March 2026 10:06

ITME 2026 to drive textile market growth to $250 billion by 2030

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Scheduled for December in Greater Noida, the upcoming India International Textile Machinery Exhibition (ITME) 2026 is set to serve as a primary catalyst for India’s ambitious goal of reaching a $250 billion textile market by 2030.

Industry experts anticipate this edition to be the largest in the event's history, reflecting a significant capital expenditure cycle within the domestic spinning and weaving sectors. Unlike previous years, the 2026 focus has shifted toward high-speed automated machinery that supports man-made fiber (MMF) and technical textile production, aligning with the government's Production Linked Incentive (PLI) schemes.

Current data suggests, India still imports approximately 60 per cent of its high-end textile machinery; however, ITME 2026 aims to showcase indigenous innovations designed to bridge this gap. Trade analysts project, the exhibition will facilitate investment commitments exceeding Rs 5,000 crore, specifically in the areas of sustainable processing and Industry 4.0-enabled yarn manufacturing.

Despite challenges such as fluctuating raw material costs and global supply chain logistics, the event offers a strategic platform for local manufacturers to demonstrate cost-effective, energy-efficient alternatives to European and Japanese technology. This transition is essential as Indian mills face increasing pressure to comply with international ESG standards while maintaining price competitiveness.