Texfair will be held in Coimbatore, August 9 to 12, 2019. This is a textile machinery, accessories and spares exhibition. As many as 250 exhibitors from across India and also from Europe, Japan and China will attend the event, which will have 320 stalls. About 70 per cent of the exhibitors will be from Coimbatore. The fair will also feature a farm to finish expo, where cotton, manmade fiber and blends will be exhibited along with garments made from them.
There is a global slump in the textile sector. About 20 per cent of the facility in mills across India are remaining idle. Due to the US import sanctions on Chinese garments, there is a slump in exports from China. This in turn has led to a fall in yarn exports to China from India. In the last quarter, there has been an almost 50 per cent fall in exports to China. The Indian domestic market has also been suffering because of this as domestic prices have come down.
In such a situation, a textile machinery fair is expected to benefit all stakeholders. As it is not feasible for mills to invest in new machinery in this situation, and as mills are looking to improve quality and productivity, there would be a bigger demand for spares for maintenance and auxiliary equipment to improve quality.