Wednesday, November 20, 2019

Technical Textiles Fair Techtextil India Opens with a 23% Surge in Exhibitors Reflecting the Progressive Sector

An industry growing at a CAGR of 20 percent to reach USD 28.7 billion, technical textiles is one of the most dynamic sectors in India. Techtextil India 2019, the leading platform to source products using technical textiles reflect the industry with the biggest opening received this year. India’s first Hackathon for the industry along with Farmer’s Conclave will also be hosted during this edition. Maharashtra Industrial Development Corporation (MIDC) also showed strong support to encourage trade and development during the three-day show.

Technical textile has been a promising area for the Indian industry which is set to play a crucial role in the creation of New India. Displaying advanced solutions from 192 companies the seventh edition of Techtextil India was inaugurated by Shri Ajit Chavan, Secretary, Textiles Committee, Ministry of Textiles, Government of India. The exhibition is an important marketplace to develop new ideas, strengthen existing consumer relations, and gain new business relationships.

Attending the premier forum were many renowned dignitaries, industry tycoons and policymakers like:

* Mr. Mohan Kavrie, Managing Director, Supreme Nonwoven Industries Pvt
* Mr. Olaf Stecken, Dipl-Ing (FH) Composite Technology, VDMA
* Mr. Michael Jänecke, Director - Brand Management (Technical Textiles & Textile Processing), Messe Frankfurt GmbH
* Mr. Michael Dehn, General Manager – Sales & Marketing, Messe Frankfurt Trade Fairs India Pvt Ltd
* Mr. Winston Pereira, General Manager, Messe Frankfurt Trade Fairs India Pvt Ltd

“I am proud to confirm that, this year, the biggest Techtextil India, is showcasing a 17% surge in exhibition space, 23% in exhibitor numbers and 25% international exhibitors. The show will also host an insightful and unique fringe programs like Hackathon, Farmer’s Conclave, exclusive product presentations, Centre of Excellence and the world-renowned Techtextil Symposium. Exhibitors, business visitors and interested stakeholders must take advantage of these highlights as they will open various opportunities to gauge new trends, industry insights and business deals,” said Mr. Raj Manek, Executive Director and Board of Member, Messe Frankfurt Asia Holding Ltd.

Indian technical textile industry is estimated to grow at a CAGR of 20 percent to reach USD 28.7 Billion by 2020-21 from USD16.6 Billion in 2017-18*. At a broad level, this growth maybe attributed to certain general factors such as growing awareness about the benefits of technical textile products, functionality improving the product experience, major steps taken by the Government of India, awareness of hygiene/sanitation benefits of the technical textiles products, and increasing disposable income with the young Indian population. Government of India has identified technical textiles as a strategic sector and high-level interventions have been made to promote the growth of this sector in India.

Maharashtra Industrial Development Corporation (MIDC) promotes investment opportunities at the show

To encourage trade and investment opportunities with pioneer companies from 13 nations, MIDC officials will promote government schemes and meet relevant decision-makers at the show. Looking at the burgeoning nature of the sector, this collaboration will result in many fruitful domestic and international business relationships with the government.

India’s first Hackathon on Technical textiles

With an aim to identify solutions to the critical challenges of sustainable urban living, Messe Frankfurt India will host India’s first Technical Textile Hackathon on 22nd November 2019. The Hackathon titled “Techtextil NEXT” will build an eco-system that supports India’s technical textile start-ups and enables them to develop products and prototypes with Technical Textiles, driving innovations in the industry.

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