The second edition of ITMACH will be held in Gujarat from December 7 to 10, 2017. ITMACH is a textile machinery and accessories exhibition covering spinning, weaving, knitting, dyeing, printing, processing, digital printing, nonwoven and technical textiles, garmenting, quality control, utility machinery and so on. The show is expected to host over 750 exhibitors from around the world displaying textile machinery and technology to over 45,000 business visitors. The format covers 40,000 square meters of exhibition space. Several well-known machinery companies have confirmed their participation.
It will run concurrently with Indian Textile Sourcing Exhibition, which would cover the entire textile value chain with the aim of promoting sourcing Indian textiles and apparels.
The Indian textile industry’s need for textile machinery and technology, backed by continued investment and modernization of production capacities, is expected to grow in the next three years. The prime drivers of the upbeat investment mood are enhanced allocation of funds towards technology upgradation subsidy schemes, infrastructure building approach, export incentives and more importantly the fastest growing economy of the country.
Adding to that are policies which are wooing investors to create employment and additional revenue sources. Gujarat has been leading the investment in the textile sector for the past few years.