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GTTES India preponed to January

Global Textile Technology and Engineering Show (GTTES) will be held in Mumbai, January 18 to 20, 2019.

This is the only trade event in India dedicated to magnifying business and trade for textile machinery manufacturers, through interaction with agents and dealers from India and across the globe.

Among the exhibits on display are blending and dosing machines, feeding devices, web laying machines, web drafting machines, machines for aerodynamic web formation, needle felting machines, spunlace machines etc.

The textile industry has not only made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings but also contributes about 14 per cent to industrial production, four per cent to the gross domestic product, and 27 per cent to the country’s foreign exchange inflows. It provides direct employment to over 45 million people.

GTTES aims at promoting integrated services through exhibitions for setting a benchmark in the textile machinery industry through continuous improvement and promoting textile economic growth through new technologies focused on ancillary and allied industries and trade.

In value terms, textile and apparel manufacturers would need to invest 50 billion dollars in new machinery to cater to the additional market demand and 25 billion dollars will be required for replacing the existing machinery. A total of 75 billion dollars in investments in machinery is estimated to be required by 2020. Yarn manufacturing, weaving and processing machinery will attract 58 per cent of the overall investments.

 

 
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